Look Up 'Volatility' In The Trader's Dictionary, You Might Find A Pic Of SAExploration

Fans of trend trading may either hate or love a stock like SAExploration Holdings, Inc. SAEX, depending on their entry point. This ultra-volatile stock is up nearly 17 percent in Monday's session, with volume more than three times its average. As usual,there doesn't seem to be any convincing reason for the move.

A look at some recent history shows trading in this issue is like playing Russian roulette with your capital.

• Today, SAExploration shares opened at $7.65, and hit a high of $9.39. A company spokesperson told Benzinga, "No news from the company. Energy stocks likely reacting favorable to positive macroeconomic developments." SAExploration is an oilfield services company, and the energy sector is up nearly 2 percent on strength in oil.
• On September 22, shares jumped 42 percent, hitting both a 52-week low of $6.32 and a 2-week high of $10.50 in the same day. The company's VP of Investor Relations told Benzinga there was "no news from the company."
• Back on August 12, shares rose about 7 percent in the pre-market session after having fallen 16 percent the day before. Unfortunately for any traders buying the strength, the stock closed at $12.70, down another 12 percent from where they closed on August 11.

SAExploration stock was trading at $8.87, up 10.9 percent Monday.