Among the most volatile stocks traded on September 30 were: Pandora Media, Inc. Common Stoc, ATP Oil & Gas Corp, Pharmasset, Inc, ReachLocal, Inc, and Focus Media Holding 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 Pandora Media, Inc. Common Stoc (P) traded higher by 4.07% or $0.54/share to $13.82. In the past year, the shares have traded as low as $9.33 and as high as $26.00. On average, 1105910 shares of P exchange hands on a given day and today's volume is recorded at 489348. 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 $14.23 represents resistance and the 50-day moving average of $12.87 would be an area of support.
Shares of ATP Oil & Gas Corp. (ATPG) fell by 7.61% or $-0.65/share to $7.89. In the past year, the shares have traded as low as $6.26 and as high as $21.40. On average, 1942010 shares of ATPG exchange hands on a given day and today's volume is recorded at 1438523. 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 $11.77 area but be careful because the stock may face selling pressure at this level.
Shares of Pharmasset, Inc. (VRUS) traded higher by 7.76% or $6.00/share to $83.3. In the past year, the shares have traded as low as $14.40 and as high as $81.15. On average, 1013090 shares of VRUS exchange hands on a given day and today's volume is recorded at 822431. 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 $67.05 area where the stock will likely see buying pressure.
Shares of ReachLocal, Inc. (RLOC) fell by 1.38% or $-0.16/share to $11.44. In the past year, the shares have traded as low as $10.49 and as high as $28.39. On average, 173170 shares of RLOC exchange hands on a given day and today's volume is recorded at 22326. 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 $14.65 area but be careful because the stock may face selling pressure at this level.
Shares of Focus Media Holding Ltd. (FMCN) fell by 4.15% or $-0.84/share to $19.51. In the past year, the shares have traded as low as $19.89 and as high as $37.57. On average, 2549910 shares of FMCN exchange hands on a given day and today's volume is recorded at 5383626. 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 $28.94 area where the stock may encounter resistance.
