Among the most volatile stocks traded on September 15 were: American Superconductor Corporation, Pendrell Corporation, Perfect World Co., Ltd, Cninsure Inc, and Veeco Instruments 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 American Superconductor Corporation (AMSC) fell by 12.99% or $-0.92/share to $6.16. In the past year, the shares have traded as low as $5.10 and as high as $38.89. On average, 1220920 shares of AMSC exchange hands on a given day and today's volume is recorded at 1594832. 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 $6.93 area but be careful because the stock may face selling pressure at this level.
Shares of Pendrell Corporation (PCO) remained unchanged at $2.32. In the past year, the shares have traded as low as $1.23 and as high as $3.26. On average, 633780 shares of PCO exchange hands on a given day and today's volume is recorded at 17865. 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 $2.35 area where the stock may encounter resistance.
Shares of Perfect World Co., Ltd. (PWRD) fell by 17.37% or $-3.00/share to $14.27. In the past year, the shares have traded as low as $15.92 and as high as $34.40. On average, 715500 shares of PWRD exchange hands on a given day and today's volume is recorded at 1923674. 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 $19.31 area but be careful because the stock may face selling pressure at this level.
Shares of Cninsure Inc. (CISG) fell by 21.84% or $-2.33/share to $8.34. In the past year, the shares have traded as low as $9.22 and as high as $26.74. On average, 414660 shares of CISG exchange hands on a given day and today's volume is recorded at 2400482. 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 $12.93 area but be careful because the stock may face selling pressure at this level.
Shares of Veeco Instruments Inc. (VECO) fell by 5.57% or $-1.85/share to $31.38. In the past year, the shares have traded as low as $30.72 and as high as $57.67. On average, 1776110 shares of VECO exchange hands on a given day and today's volume is recorded at 3218899. 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 $37.42 area but be careful because the stock may face selling pressure at this level.
