Among the most volatile stocks traded on September 21 were: Pacific Biosciences of California, Inc, Xueda Education Group, Range Resources Corporation, Education Management Corporation, and JA Solar Holdings Co., Ltd. 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 Pacific Biosciences of California, Inc. (PACB) fell by 18.74% or $-1.04/share to $4.52. In the past year, the shares have traded as low as $5.20 and as high as $17.48. On average, 416320 shares of PACB exchange hands on a given day and today's volume is recorded at 476707. 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 $7.90 area but be careful because the stock may face selling pressure at this level.
Shares of Xueda Education Group (XUE) traded higher by 5.95% or $0.27/share to $4.81. In the past year, the shares have traded as low as $4.25 and as high as $14.73. On average, 166800 shares of XUE exchange hands on a given day and today's volume is recorded at 469625. 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 $7.23 area but be careful because the stock may face selling pressure at this level.
Shares of Range Resources Corporation (RRC) traded higher by 6.9% or $4.48/share to $69.37. In the past year, the shares have traded as low as $34.65 and as high as $70.45. On average, 2799030 shares of RRC exchange hands on a given day and today's volume is recorded at 2862717. 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 $61.65 area where the stock will likely see buying pressure.
Shares of Education Management Corporation (EDMC) fell by 4.13% or $-0.69/share to $16.01. In the past year, the shares have traded as low as $9.76 and as high as $28.61. On average, 349380 shares of EDMC exchange hands on a given day and today's volume is recorded at 26298. 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 $19.27 area but be careful because the stock may face selling pressure at this level.
Shares of JA Solar Holdings Co., Ltd. (JASO) traded higher by 9.5% or $0.19/share to $2.19. In the past year, the shares have traded as low as $2.00 and as high as $10.24. On average, 5202170 shares of JASO exchange hands on a given day and today's volume is recorded at 2334090. 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 $3.82 area but be careful because the stock may face selling pressure at this level.
