Among the most volatile stocks traded on September 16 were: China Kanghui Holdings, Higher One Inc, Georgia Gulf Corp, AAR Corp, and Clearwire Corporation. 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 China Kanghui Holdings (KH) traded higher by 2.27% or $0.47/share to $21.15. In the past year, the shares have traded as low as $11.78 and as high as $26.50. On average, 110750 shares of KH exchange hands on a given day and today's volume is recorded at 31919. 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 $20.37 area where the stock will likely see buying pressure.
Shares of Higher One Inc. (ONE) traded higher by 1.61% or $0.28/share to $17.7. In the past year, the shares have traded as low as $13.49 and as high as $21.97. On average, 476080 shares of ONE exchange hands on a given day and today's volume is recorded at 239162. 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 $17.56 area where the stock will likely see buying pressure.
Shares of Georgia Gulf Corp. (GGC) traded higher by 5.73% or $1.12/share to $20.66. In the past year, the shares have traded as low as $15.10 and as high as $40.59. On average, 697470 shares of GGC exchange hands on a given day and today's volume is recorded at 329716. 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 $26.86 represents resistance and the 50-day moving average of $19.70 would be an area of support.
Shares of AAR Corp. (AIR) fell by 8.79% or $-1.99/share to $20.66. In the past year, the shares have traded as low as $17.85 and as high as $31.66. On average, 390490 shares of AIR exchange hands on a given day and today's volume is recorded at 534317. 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 $25.65 area but be careful because the stock may face selling pressure at this level.
Shares of Clearwire Corporation (CLWR) fell by 6.2% or $-0.16/share to $2.42. In the past year, the shares have traded as low as $1.32 and as high as $8.82. On average, 6893150 shares of CLWR exchange hands on a given day and today's volume is recorded at 1195149. 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 $2.69 area but be careful because the stock may face selling pressure at this level.
