Among the most volatile stocks traded on September 19 were: China Ming Yang Wind Power Group Limited, Silvercorp Metals Inc, Swisher Hygiene Inc, Yingli Green Energy Holding Co. Ltd, and LDK Solar 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 China Ming Yang Wind Power Group Limited (MY) traded higher by 4.9% or $0.14/share to $3.0. In the past year, the shares have traded as low as $2.86 and as high as $14.70. On average, 336200 shares of MY exchange hands on a given day and today's volume is recorded at 70660. 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 $4.23 area but be careful because the stock may face selling pressure at this level.
Shares of Silvercorp Metals Inc. (SVM) fell by 5.7% or $-0.40/share to $6.62. In the past year, the shares have traded as low as $5.86 and as high as $16.28. On average, 5837910 shares of SVM exchange hands on a given day and today's volume is recorded at 3837955. 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 $9.27 area but be careful because the stock may face selling pressure at this level.
Shares of Swisher Hygiene Inc. (SWSH) fell by 4.49% or $-0.23/share to $4.81. In the past year, the shares have traded as low as $3.31 and as high as $11.42. On average, 999920 shares of SWSH exchange hands on a given day and today's volume is recorded at 211536. 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 $5.70 represents resistance and the 50-day moving average of $4.47 would be an area of support.
Shares of Yingli Green Energy Holding Co. Ltd. (YGE) fell by 11.2% or $-0.43/share to $3.41. In the past year, the shares have traded as low as $3.75 and as high as $14.29. On average, 4401200 shares of YGE exchange hands on a given day and today's volume is recorded at 2456906. 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 $6.20 area but be careful because the stock may face selling pressure at this level.
Shares of LDK Solar Co., Ltd. (LDK) fell by 8.4% or $-0.42/share to $4.58. In the past year, the shares have traded as low as $4.65 and as high as $15.10. On average, 4654530 shares of LDK exchange hands on a given day and today's volume is recorded at 895826. 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 $6.03 area but be careful because the stock may face selling pressure at this level.
