Among the most volatile stocks traded on September 21 were: Pendrell Corporation, Youku.com Inc, Basic Energy Services, Inc, Atlas Air Worldwide Holdings Inc, and China Ming Yang Wind Power Group 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 Pendrell Corporation (PCO) traded higher by 3.2% or $0.07/share to $2.26. In the past year, the shares have traded as low as $1.35 and as high as $3.26. On average, 641800 shares of PCO exchange hands on a given day and today's volume is recorded at 10365. 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 $2.36 area where the stock may encounter resistance.
Shares of Youku.com Inc (YOKU) fell by 7.78% or $-1.42/share to $16.83. In the past year, the shares have traded as low as $17.72 and as high as $69.95. On average, 4468610 shares of YOKU exchange hands on a given day and today's volume is recorded at 1885758. 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 $27.27 area but be careful because the stock may face selling pressure at this level.
Shares of Basic Energy Services, Inc. (BAS) fell by 8.52% or $-1.56/share to $16.74. In the past year, the shares have traded as low as $7.99 and as high as $37.79. On average, 1270530 shares of BAS exchange hands on a given day and today's volume is recorded at 579283. 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 $23.45 area where the stock may encounter resistance.
Shares of Atlas Air Worldwide Holdings Inc. (AAWW) fell by 8.68% or $-3.77/share to $39.67. In the past year, the shares have traded as low as $39.66 and as high as $73.19. On average, 282030 shares of AAWW exchange hands on a given day and today's volume is recorded at 754527. 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 $48.09 area but be careful because the stock may face selling pressure at this level.
Shares of China Ming Yang Wind Power Group Limited (MY) fell by 4.44% or $-0.13/share to $2.8. In the past year, the shares have traded as low as $2.86 and as high as $14.70. On average, 329560 shares of MY exchange hands on a given day and today's volume is recorded at 53876. 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 $4.12 area but be careful because the stock may face selling pressure at this level.
