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Friday, August 26, 2011

Highly Volatile: (HERO), (KKD), (SFUN), (LAVA), (VIT)

Among the most volatile stocks traded on August 26 were: Hercules Offshore, Inc, Krispy Kreme Doughnuts, Inc, SouFun Holdings Ltd, Magma Design Automation Inc, and VanceInfo Technologies 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 Hercules Offshore, Inc. (HERO) traded higher by 13.98% or $0.45/share to $3.67. In the past year, the shares have traded as low as $2.05 and as high as $6.99. On average, 3747420 shares of HERO exchange hands on a given day and today's volume is recorded at 3199234. 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 $4.53 area but be careful because the stock may face selling pressure at this level.

Shares of Krispy Kreme Doughnuts, Inc. (KKD) traded higher by 12.63% or $0.99/share to $8.83. In the past year, the shares have traded as low as $3.72 and as high as $10.08. On average, 1508350 shares of KKD exchange hands on a given day and today's volume is recorded at 1319994. 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 $8.64 area where the stock will likely see buying pressure.

Shares of SouFun Holdings Ltd. (SFUN) fell by 5.36% or $-0.92/share to $16.24. In the past year, the shares have traded as low as $14.96 and as high as $27.57. On average, 299140 shares of SFUN exchange hands on a given day and today's volume is recorded at 180675. 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 $19.51 area but be careful because the stock may face selling pressure at this level.

Shares of Magma Design Automation Inc. (LAVA) fell by 14.86% or $-0.78/share to $4.47. In the past year, the shares have traded as low as $2.91 and as high as $8.50. On average, 1000640 shares of LAVA exchange hands on a given day and today's volume is recorded at 1068847. 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 $6.18 area where the stock may encounter resistance.

Shares of VanceInfo Technologies Inc. (VIT) traded higher by 3.81% or $0.41/share to $11.18. In the past year, the shares have traded as low as $10.57 and as high as $41.06. On average, 1353660 shares of VIT exchange hands on a given day and today's volume is recorded at 669281. 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 $18.73 area but be careful because the stock may face selling pressure at this level.