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Monday, June 27, 2011

Volatile Stocks: (HMPR), (GAGA), (HOGS), (FIO), (NOAH)

Among the most volatile stocks traded on June 27 were: Hampton Roads Bankshares Inc, Le Gaga Holdings Ltd, Zhongpin, Inc, Fusion-io Inc, and Noah Holdings Limited. 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 Hampton Roads Bankshares Inc. (HMPR) fell by 19.27% or $-2.59/share to $10.85. In the past year, the shares have traded as low as $10.26 and as high as $34.75. On average, 89150 shares of HMPR exchange hands on a given day and today's volume is recorded at 751899. 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 $17.53 area but be careful because the stock may face selling pressure at this level.

Shares of Le Gaga Holdings Ltd (GAGA) traded higher by 16.48% or $1.02/share to $7.21. In the past year, the shares have traded as low as $5.38 and as high as $11.39. On average, 28150 shares of GAGA exchange hands on a given day and today's volume is recorded at 180316. 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 $7.94 area but be careful because the stock may face selling pressure at this level.

Shares of Zhongpin, Inc. (HOGS) fell by 2.55% or $-0.28/share to $10.7. In the past year, the shares have traded as low as $10.26 and as high as $25.00. On average, 706980 shares of HOGS exchange hands on a given day and today's volume is recorded at 3176308. 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 $14.60 area but be careful because the stock may face selling pressure at this level.

Shares of Fusion-io Inc. (FIO) traded higher by 17.3% or $4.97/share to $33.7. In the past year, the shares have traded as low as $19.28 and as high as $33.00. On average, 2159140 shares of FIO exchange hands on a given day and today's volume is recorded at 1635956. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $23.85 area.

Shares of Noah Holdings Limited (NOAH) traded higher by 11.9% or $1.22/share to $11.47. In the past year, the shares have traded as low as $9.67 and as high as $20.68. On average, 165640 shares of NOAH exchange hands on a given day and today's volume is recorded at 902406. 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 $14.04 area but be careful because the stock may face selling pressure at this level.