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Friday, October 7, 2011

Among The Most Volatile Stocks: (S), (JASO), (CREE), (GEOY), (PQ)

Among the most volatile stocks traded on October 7 were: Sprint Nextel Corp, JA Solar Holdings Co., Ltd, Cree Inc, GeoEye, Inc, and PetroQuest Energy 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 Sprint Nextel Corp. (S) traded higher by 7.48% or $0.22/share to $3.23. In the past year, the shares have traded as low as $2.25 and as high as $6.44. On average, 65624440 shares of S exchange hands on a given day and today's volume is recorded at 62549476. 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 $3.41 area but be careful because the stock may face selling pressure at this level.

Shares of JA Solar Holdings Co., Ltd. (JASO) fell by 9.13% or $-0.19/share to $1.89. In the past year, the shares have traded as low as $1.46 and as high as $10.24. On average, 5396330 shares of JASO exchange hands on a given day and today's volume is recorded at 2856562. 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 $3.17 area but be careful because the stock may face selling pressure at this level.

Shares of Cree Inc. (CREE) traded higher by 6.35% or $1.67/share to $28.03. In the past year, the shares have traded as low as $23.03 and as high as $27.25. On average, 3302900 shares of CREE exchange hands on a given day and today's volume is recorded at 2071627. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $25.29 area.

Shares of GeoEye, Inc. (GEOY) traded higher by 6.72% or $2.00/share to $31.74. In the past year, the shares have traded as low as $26.58 and as high as $47.50. On average, 226210 shares of GEOY exchange hands on a given day and today's volume is recorded at 353666. 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 $33.07 area but be careful because the stock may face selling pressure at this level.

Shares of PetroQuest Energy Inc. (PQ) fell by 3.76% or $-0.22/share to $5.63. In the past year, the shares have traded as low as $4.72 and as high as $9.75. On average, 1421030 shares of PQ exchange hands on a given day and today's volume is recorded at 235120. 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 $6.96 area but be careful because the stock may face selling pressure at this level.