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Monday, September 12, 2011

Up or Down, Volatile: (CIGX), (QUAD), (KNXA), (EZCH), (GIII)

Among the most volatile stocks traded on September 12 were: Star Scientific, Inc, Quad/Graphics, Inc, Kenexa Corp, EZchip Semiconductor Ltd, and G-III Apparel Group, 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 Star Scientific, Inc. (CIGX) traded higher by 5.81% or $0.15/share to $2.73. In the past year, the shares have traded as low as $1.50 and as high as $5.35. On average, 2636060 shares of CIGX exchange hands on a given day and today's volume is recorded at 744941. 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 $3.11 area where the stock may encounter resistance.

Shares of Quad/Graphics, Inc. (QUAD) traded higher by 5.8% or $1.07/share to $19.52. In the past year, the shares have traded as low as $17.68 and as high as $48.62. On average, 200980 shares of QUAD exchange hands on a given day and today's volume is recorded at 55360. 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 $27.75 area but be careful because the stock may face selling pressure at this level.

Shares of Kenexa Corp. (KNXA) traded higher by 1.77% or $0.32/share to $18.38. In the past year, the shares have traded as low as $13.93 and as high as $33.19. On average, 214040 shares of KNXA exchange hands on a given day and today's volume is recorded at 24637. 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 $23.27 area but be careful because the stock may face selling pressure at this level.

Shares of EZchip Semiconductor Ltd. (EZCH) traded higher by 6.46% or $1.90/share to $31.3. In the past year, the shares have traded as low as $22.64 and as high as $37.85. On average, 285290 shares of EZCH exchange hands on a given day and today's volume is recorded at 284544. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $32.57 represents resistance and the 200-day moving average of $31.09 would be an area of support.

Shares of G-III Apparel Group, Ltd. (GIII) fell by 0.84% or $-0.19/share to $22.39. In the past year, the shares have traded as low as $21.25 and as high as $45.38. On average, 202430 shares of GIII exchange hands on a given day and today's volume is recorded at 154565. 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.