Among the most volatile stocks traded on September 14 were: Ameristar Casinos Inc, Clearwire Corporation, Huron Consulting Group Inc, Charming Shoppes 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 Ameristar Casinos Inc. (ASCA) traded higher by 0.59% or $0.10/share to $16.99. In the past year, the shares have traded as low as $14.39 and as high as $24.36. On average, 462010 shares of ASCA exchange hands on a given day and today's volume is recorded at 114407. 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 $18.78 area where the stock may encounter resistance.
Shares of Clearwire Corporation (CLWR) fell by 3.14% or $-0.08/share to $2.47. In the past year, the shares have traded as low as $1.32 and as high as $8.82. On average, 6763690 shares of CLWR exchange hands on a given day and today's volume is recorded at 783157. 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 $2.74 area but be careful because the stock may face selling pressure at this level.
Shares of Huron Consulting Group Inc. (HURN) fell by 1.07% or $-0.32/share to $29.63. In the past year, the shares have traded as low as $18.69 and as high as $34.50. On average, 163100 shares of HURN exchange hands on a given day and today's volume is recorded at 19918. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $30.32 represents resistance and the 200-day moving average of $28.19 would be an area of support.
Shares of Charming Shoppes Inc. (CHRS) traded higher by 5.41% or $0.14/share to $2.73. In the past year, the shares have traded as low as $2.29 and as high as $4.93. On average, 1624070 shares of CHRS exchange hands on a given day and today's volume is recorded at 527770. 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 $3.54 area but be careful because the stock may face selling pressure at this level.
Shares of VanceInfo Technologies Inc. (VIT) fell by 4.82% or $-0.57/share to $11.26. In the past year, the shares have traded as low as $9.93 and as high as $41.06. On average, 1210130 shares of VIT exchange hands on a given day and today's volume is recorded at 88030. 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 $16.46 area but be careful because the stock may face selling pressure at this level.
