Among the most volatile stocks traded on June 29 were: E-Commerce China Dangdang Inc. , Quest Rare Minerals Ltd Common , Youku.com Inc, China Real Estate Information Corporation, and KB Home. These stocks are risky as they have high volatility. Since these stocks carry a lot of risk, they will usually provide large returns. This high volatility could be caused by their business strategy or the type of sector they are in.
Shares of E-Commerce China Dangdang Inc. (DANG) traded higher by 8.95% or $1.01/share to $12.3. In the past year, the shares have traded as low as $9.85 and as high as $36.40. On average, 2909130 shares of DANG exchange hands on a given day and today's volume is recorded at 4504822. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $18.40 area but be careful because the stock may face selling pressure at this level.
Shares of Quest Rare Minerals Ltd Common (QRM) traded higher by 4.14% or $0.26/share to $6.64. In the past year, the shares have traded as low as $1.65 and as high as $9.29. On average, 253380 shares of QRM exchange hands on a given day and today's volume is recorded at 106768. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $7.16 represents resistance and the 200-day moving average of $5.79 would be an area of support.
Shares of Youku.com Inc (YOKU) fell by 0.03% or $-0.01/share to $35.53. In the past year, the shares have traded as low as $25.57 and as high as $69.95. On average, 3730280 shares of YOKU exchange hands on a given day and today's volume is recorded at 4671252. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $41.38 area where the stock may encounter resistance.
Shares of China Real Estate Information Corporation (CRIC) traded higher by 8.38% or $0.50/share to $6.47. In the past year, the shares have traded as low as $4.54 and as high as $11.74. On average, 177920 shares of CRIC exchange hands on a given day and today's volume is recorded at 189012. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $6.89 area but be careful because the stock may face selling pressure at this level.
Shares of KB Home (KBH) fell by 8.89% or $-1.06/share to $10.86. In the past year, the shares have traded as low as $9.28 and as high as $15.95. On average, 4005500 shares of KBH exchange hands on a given day and today's volume is recorded at 5475949. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $11.47 area but be careful because the stock may face selling pressure at this level.
