Among the most volatile stocks traded on September 23 were: Cavium Networks, Inc, Keegan Resources Inc, MannKind Corp, Noah Holdings Limited, and E-Commerce China Dangdang 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 Cavium Networks, Inc. (CAVM) fell by 12.3% or $-3.84/share to $27.37. In the past year, the shares have traded as low as $25.17 and as high as $48.30. On average, 1567450 shares of CAVM exchange hands on a given day and today's volume is recorded at 2505909. 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 $32.58 area but be careful because the stock may face selling pressure at this level.
Shares of Keegan Resources Inc. (KGN) fell by 21.27% or $-1.31/share to $4.85. In the past year, the shares have traded as low as $5.89 and as high as $9.65. On average, 116300 shares of KGN exchange hands on a given day and today's volume is recorded at 814580. 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 $8.11 area but be careful because the stock may face selling pressure at this level.
Shares of MannKind Corp. (MNKD) traded higher by 16.67% or $0.53/share to $3.71. In the past year, the shares have traded as low as $2.20 and as high as $10.05. On average, 938710 shares of MNKD exchange hands on a given day and today's volume is recorded at 568943. 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 $4.41 represents resistance and the 50-day moving average of $3.02 would be an area of support.
Shares of Noah Holdings Limited (NOAH) traded higher by 11.43% or $1.03/share to $10.04. In the past year, the shares have traded as low as $8.48 and as high as $20.68. On average, 140570 shares of NOAH exchange hands on a given day and today's volume is recorded at 86010. 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 $12.48 area but be careful because the stock may face selling pressure at this level.
Shares of E-Commerce China Dangdang Inc. (DANG) traded higher by 12.01% or $0.59/share to $5.47. In the past year, the shares have traded as low as $4.81 and as high as $36.42. On average, 3799890 shares of DANG exchange hands on a given day and today's volume is recorded at 1387986. 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 $8.80 area but be careful because the stock may face selling pressure at this level.
