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Thursday, July 14, 2011

Volatile Stocks: (TAT), (ASIA), (UFPI), (HOGS), (AEA)

Among the most volatile stocks traded on July 14 were: TransAtlantic Petroleum Ltd, AsiaInfo-Linkage,Inc, Universal Forest Products Inc, Zhongpin, Inc, and Advance America, Cash Advance Centers 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 TransAtlantic Petroleum Ltd. (TAT) fell by 9.94% or $-0.16/share to $1.43. In the past year, the shares have traded as low as $1.58 and as high as $3.58. On average, 2374920 shares of TAT exchange hands on a given day and today's volume is recorded at 3175893. 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 $1.99 area but be careful because the stock may face selling pressure at this level.

Shares of AsiaInfo-Linkage,Inc. (ASIA) fell by 0.64% or $-0.10/share to $15.62. In the past year, the shares have traded as low as $13.49 and as high as $27.05. On average, 1069650 shares of ASIA exchange hands on a given day and today's volume is recorded at 320669. 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 $16.81 area but be careful because the stock may face selling pressure at this level.

Shares of Universal Forest Products Inc. (UFPI) traded higher by 19.61% or $4.72/share to $28.79. In the past year, the shares have traded as low as $23.14 and as high as $39.57. On average, 109660 shares of UFPI exchange hands on a given day and today's volume is recorded at 410798. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $32.82 represents resistance and the 50-day moving average of $27.56 would be an area of support.

Shares of Zhongpin, Inc. (HOGS) fell by 7.62% or $-0.86/share to $10.43. In the past year, the shares have traded as low as $9.03 and as high as $25.00. On average, 805150 shares of HOGS exchange hands on a given day and today's volume is recorded at 717661. 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 $13.40 area but be careful because the stock may face selling pressure at this level.

Shares of Advance America, Cash Advance Centers Inc. (AEA) fell by 9.14% or $-0.83/share to $8.25. In the past year, the shares have traded as low as $3.15 and as high as $9.14. On average, 415370 shares of AEA exchange hands on a given day and today's volume is recorded at 1191699. 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 $6.32 area where the stock will likely see buying pressure.