Among the most volatile stocks traded on September 9 were: Super Micro Computer, Inc, Trina Solar Ltd, Micron Technology Inc, Dendreon Corp, and Sangamo Biosciences 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 Super Micro Computer, Inc. (SMCI) traded higher by 0.85% or $0.11/share to $13.0. In the past year, the shares have traded as low as $9.25 and as high as $19.30. On average, 220770 shares of SMCI exchange hands on a given day and today's volume is recorded at 31936. 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 $14.31 area but be careful because the stock may face selling pressure at this level.
Shares of Trina Solar Ltd. (TSL) fell by 7.23% or $-0.82/share to $10.52. In the past year, the shares have traded as low as $11.20 and as high as $31.89. On average, 3331540 shares of TSL exchange hands on a given day and today's volume is recorded at 1902028. 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 $16.79 area but be careful because the stock may face selling pressure at this level.
Shares of Micron Technology Inc. (MU) traded higher by 6.88% or $0.43/share to $6.68. In the past year, the shares have traded as low as $5.18 and as high as $11.95. On average, 38855050 shares of MU exchange hands on a given day and today's volume is recorded at 16110380. 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 $6.70 area but be careful because the stock may face selling pressure at this level.
Shares of Dendreon Corp. (DNDN) traded higher by 6.99% or $0.76/share to $11.64. In the past year, the shares have traded as low as $9.22 and as high as $43.96. On average, 5413480 shares of DNDN exchange hands on a given day and today's volume is recorded at 2568068. 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 $25.23 area but be careful because the stock may face selling pressure at this level.
Shares of Sangamo Biosciences Inc. (SGMO) traded higher by 6.27% or $0.36/share to $6.1. In the past year, the shares have traded as low as $3.12 and as high as $9.15. On average, 491660 shares of SGMO exchange hands on a given day and today's volume is recorded at 225013. 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 $6.57 represents resistance and the 50-day moving average of $5.39 would be an area of support.
