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Monday, September 5, 2011

Up or Down, Volatile: (ONTY), (HRB), (DYN), (PROJ), (JKS)

Among the most volatile stocks traded on September 5 were: Oncothyreon Inc, H&R Block, Inc, Dynegy Inc, Deltek, Inc, and JinkoSolar Holding Co., 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 Oncothyreon Inc (ONTY) traded higher by 1.71% or $0.12/share to $7.15. In the past year, the shares have traded as low as $2.99 and as high as $11.59. On average, 1672880 shares of ONTY exchange hands on a given day and today's volume is recorded at 522990. 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 $7.88 represents resistance and the 200-day moving average of $5.07 would be an area of support.

Shares of H&R Block, Inc. (HRB) fell by 11.66% or $-1.77/share to $13.41. In the past year, the shares have traded as low as $9.82 and as high as $17.83. On average, 3650460 shares of HRB exchange hands on a given day and today's volume is recorded at 13583452. 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 $14.67 area where the stock may encounter resistance.

Shares of Dynegy Inc. (DYN) traded higher by 6.05% or $0.28/share to $4.91. In the past year, the shares have traded as low as $3.54 and as high as $6.92. On average, 1901140 shares of DYN exchange hands on a given day and today's volume is recorded at 3920222. 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 $5.26 area but be careful because the stock may face selling pressure at this level.

Shares of Deltek, Inc (PROJ) fell by 5.96% or $-0.38/share to $6.0. In the past year, the shares have traded as low as $5.47 and as high as $8.68. On average, 51400 shares of PROJ exchange hands on a given day and today's volume is recorded at 62698. 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 $7.05 area but be careful because the stock may face selling pressure at this level.

Shares of JinkoSolar Holding Co., Ltd. (JKS) fell by 10.58% or $-1.66/share to $14.03. In the past year, the shares have traded as low as $13.50 and as high as $41.76. On average, 696530 shares of JKS exchange hands on a given day and today's volume is recorded at 703079. 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 $20.87 area but be careful because the stock may face selling pressure at this level.