Among the most volatile stocks traded on September 30 were: Home Inns & Hotels Management Inc, Isoftstone Holdings Limited, Youku.com Inc, Spreadtrum Communications Inc, and China Lodging Group, Limited. 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 Home Inns & Hotels Management Inc. (HMIN) fell by 11.12% or $-3.28/share to $26.21. In the past year, the shares have traded as low as $26.15 and as high as $54.25. On average, 561060 shares of HMIN exchange hands on a given day and today's volume is recorded at 1927733. 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 $36.09 area but be careful because the stock may face selling pressure at this level.
Shares of Isoftstone Holdings Limited (ISS) fell by 8.72% or $-0.67/share to $6.97. In the past year, the shares have traded as low as $7.46 and as high as $22.64. On average, 315150 shares of ISS exchange hands on a given day and today's volume is recorded at 133892. 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 $10.28 area but be careful because the stock may face selling pressure at this level.
Shares of Youku.com Inc (YOKU) traded higher by 1.6% or $0.26/share to $16.5. In the past year, the shares have traded as low as $13.76 and as high as $69.94. On average, 4207400 shares of YOKU exchange hands on a given day and today's volume is recorded at 2096170. 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 $24.93 area but be careful because the stock may face selling pressure at this level.
Shares of Spreadtrum Communications Inc. (SPRD) traded higher by 9.85% or $1.65/share to $18.4. In the past year, the shares have traded as low as $8.56 and as high as $24.13. On average, 1533280 shares of SPRD exchange hands on a given day and today's volume is recorded at 962578. 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 $18.51 represents resistance and the 50-day moving average of $17.06 would be an area of support.
Shares of China Lodging Group, Limited (HTHT) fell by 0.43% or $-0.06/share to $13.88. In the past year, the shares have traded as low as $13.34 and as high as $27.50. On average, 181320 shares of HTHT exchange hands on a given day and today's volume is recorded at 122927. 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 $16.33 area but be careful because the stock may face selling pressure at this level.
