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Friday, October 14, 2011

Among The Most Volatile Stocks: (RDN), (YGE), (VNET), (TQNT), (XG)

Among the most volatile stocks traded on October 14 were: Radian Group Inc, Yingli Green Energy Holding Co. Ltd, 21Vianet Group Inc, TriQuint Semiconductor, Inc, and Extorre Gold Mines Ltd. Ordinar. 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 Radian Group Inc. (RDN) fell by 3.24% or $-0.08/share to $2.39. In the past year, the shares have traded as low as $1.80 and as high as $10.09. On average, 5375040 shares of RDN exchange hands on a given day and today's volume is recorded at 1066529. 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 $2.58 area but be careful because the stock may face selling pressure at this level.

Shares of Yingli Green Energy Holding Co. Ltd. (YGE) traded higher by 1.05% or $0.04/share to $3.86. In the past year, the shares have traded as low as $2.75 and as high as $14.29. On average, 4778210 shares of YGE exchange hands on a given day and today's volume is recorded at 1937940. 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 $4.74 area but be careful because the stock may face selling pressure at this level.

Shares of 21Vianet Group Inc. (VNET) traded higher by 3.61% or $0.37/share to $10.62. In the past year, the shares have traded as low as $9.65 and as high as $22.33. On average, 174730 shares of VNET exchange hands on a given day and today's volume is recorded at 52380. 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 $11.03 area but be careful because the stock may face selling pressure at this level.

Shares of TriQuint Semiconductor, Inc. (TQNT) fell by 2.03% or $-0.15/share to $7.24. In the past year, the shares have traded as low as $4.66 and as high as $15.20. On average, 5934950 shares of TQNT exchange hands on a given day and today's volume is recorded at 10932846. 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 $10.83 represents resistance and the 50-day moving average of $6.49 would be an area of support.

Shares of Extorre Gold Mines Ltd. Ordinar (XG) traded higher by 0.73% or $0.06/share to $8.31. In the past year, the shares have traded as low as $4.23 and as high as $15.42. On average, 270190 shares of XG exchange hands on a given day and today's volume is recorded at 119492. 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 $8.79 area where the stock may encounter resistance.