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Friday, July 8, 2011

Highly Volatile: (SCR), (DATE), (MTSC), (RNO), (PCYC)

Among the most volatile stocks traded on July 8 were: Simcere Pharmaceutical Group, Jiayuan.com International Ltd, MTS Systems Corp, Rhino Resource Partners LP, and Pharmacyclics Inc. 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 Simcere Pharmaceutical Group. (SCR) fell by 8.46% or $-0.87/share to $9.41. In the past year, the shares have traded as low as $8.14 and as high as $13.75. On average, 69570 shares of SCR exchange hands on a given day and today's volume is recorded at 45986. 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 $11.05 area but be careful because the stock may face selling pressure at this level.

Shares of Jiayuan.com International Ltd. (DATE) fell by 5.39% or $-0.67/share to $11.75. In the past year, the shares have traded as low as $9.12 and as high as $15.80. On average, 596530 shares of DATE exchange hands on a given day and today's volume is recorded at 79655. 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 $11.68 area.

Shares of MTS Systems Corp. (MTSC) fell by 2.14% or $-0.95/share to $43.53. In the past year, the shares have traded as low as $25.65 and as high as $48.27. On average, 55600 shares of MTSC exchange hands on a given day and today's volume is recorded at 12045. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $40.67 area where the stock will likely see buying pressure.

Shares of Rhino Resource Partners LP (RNO) traded higher by 1.09% or $0.28/share to $26.18. In the past year, the shares have traded as low as $20.39 and as high as $26.82. On average, 22810 shares of RNO exchange hands on a given day and today's volume is recorded at 40078. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $24.18 area where the stock will likely see buying pressure.

Shares of Pharmacyclics Inc. (PCYC) traded higher by 4.64% or $0.49/share to $11.04. In the past year, the shares have traded as low as $4.75 and as high as $10.75. On average, 599790 shares of PCYC exchange hands on a given day and today's volume is recorded at 605231. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $7.86 area where the stock will likely see buying pressure.