Among the most volatile stocks traded on September 19 were: Mahanagar Telephone Nigam Ltd, Vista Gold Corp, GT Advanced Technologies, Inc, AsiaInfo-Linkage,Inc, and Cninsure 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 Mahanagar Telephone Nigam Ltd. (MTE) fell by 6.58% or $-0.10/share to $1.42. In the past year, the shares have traded as low as $1.41 and as high as $3.18. On average, 52580 shares of MTE exchange hands on a given day and today's volume is recorded at 53290. 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 $1.83 area but be careful because the stock may face selling pressure at this level.
Shares of Vista Gold Corp. (VGZ) fell by 9.37% or $-0.40/share to $3.87. In the past year, the shares have traded as low as $2.05 and as high as $4.59. On average, 920040 shares of VGZ exchange hands on a given day and today's volume is recorded at 1104255. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $3.39 area where the stock will likely see buying pressure.
Shares of GT Advanced Technologies, Inc. (GTAT) fell by 9.93% or $-0.99/share to $8.98. In the past year, the shares have traded as low as $6.65 and as high as $17.50. On average, 4514350 shares of GTAT exchange hands on a given day and today's volume is recorded at 1676740. 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 $11.46 area where the stock may encounter resistance.
Shares of AsiaInfo-Linkage,Inc. (ASIA) fell by 10.71% or $-1.20/share to $10.0. In the past year, the shares have traded as low as $8.21 and as high as $24.50. On average, 1023190 shares of ASIA exchange hands on a given day and today's volume is recorded at 245901. 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 $12.42 area but be careful because the stock may face selling pressure at this level.
Shares of Cninsure Inc. (CISG) fell by 9.71% or $-0.85/share to $7.9. In the past year, the shares have traded as low as $7.36 and as high as $26.74. On average, 480310 shares of CISG exchange hands on a given day and today's volume is recorded at 478981. 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 $12.70 area but be careful because the stock may face selling pressure at this level.
