Among the most volatile stocks traded on September 23 were: Youku.com Inc, Hewlett-Packard Company, AsiaInfo-Linkage,Inc, Clearwire Corporation, and Responsys 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 Youku.com Inc (YOKU) traded higher by 15.44% or $2.21/share to $16.52. In the past year, the shares have traded as low as $13.76 and as high as $69.94. On average, 4472500 shares of YOKU exchange hands on a given day and today's volume is recorded at 2089563. 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 $26.46 area but be careful because the stock may face selling pressure at this level.
Shares of Hewlett-Packard Company (HPQ) fell by 4.45% or $-1.01/share to $21.78. In the past year, the shares have traded as low as $22.13 and as high as $48.86. On average, 26276660 shares of HPQ exchange hands on a given day and today's volume is recorded at 22239558. 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 $29.05 area but be careful because the stock may face selling pressure at this level.
Shares of AsiaInfo-Linkage,Inc. (ASIA) traded higher by 10.16% or $0.77/share to $8.35. In the past year, the shares have traded as low as $7.10 and as high as $24.50. On average, 1042089 shares of ASIA exchange hands on a given day and today's volume is recorded at 244947. 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 $11.81 area but be careful because the stock may face selling pressure at this level.
Shares of Clearwire Corporation (CLWR) fell by 8.4% or $-0.21/share to $2.29. In the past year, the shares have traded as low as $1.32 and as high as $8.82. On average, 6797820 shares of CLWR exchange hands on a given day and today's volume is recorded at 1055971. 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 $2.57 area but be careful because the stock may face selling pressure at this level.
Shares of Responsys Inc. (MKTG) traded higher by 5.27% or $0.55/share to $10.99. In the past year, the shares have traded as low as $10.23 and as high as $18.19. On average, 99840 shares of MKTG exchange hands on a given day and today's volume is recorded at 29010. 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 $14.19 area but be careful because the stock may face selling pressure at this level.
