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Thursday, October 6, 2011

Among The Most Volatile Stocks: (XG), (YGE), (EK), (WTSLA), (AMRN)

Among the most volatile stocks traded on October 6 were: Extorre Gold Mines Ltd. Ordinar, Yingli Green Energy Holding Co. Ltd, Eastman Kodak Co, Wet Seal Inc, and Amarin Corporation plc. 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 Extorre Gold Mines Ltd. Ordinar (XG) traded higher by 11.67% or $0.70/share to $6.7. In the past year, the shares have traded as low as $4.23 and as high as $15.42. On average, 278400 shares of XG exchange hands on a given day and today's volume is recorded at 193473. 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 $8.75 area where the stock may encounter resistance.

Shares of Yingli Green Energy Holding Co. Ltd. (YGE) traded higher by 6.3% or $0.23/share to $3.96. In the past year, the shares have traded as low as $2.75 and as high as $14.27. On average, 4909080 shares of YGE exchange hands on a given day and today's volume is recorded at 2328840. 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 $5.15 area but be careful because the stock may face selling pressure at this level.

Shares of Eastman Kodak Co. (EK) traded higher by 11.89% or $0.15/share to $1.37. In the past year, the shares have traded as low as $0.54 and as high as $5.97. On average, 16476340 shares of EK exchange hands on a given day and today's volume is recorded at 6392739. 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 $2.45 area but be careful because the stock may face selling pressure at this level.

Shares of Wet Seal Inc. (WTSLA) fell by 12.96% or $-0.60/share to $4.03. In the past year, the shares have traded as low as $3.09 and as high as $5.23. On average, 1847670 shares of WTSLA exchange hands on a given day and today's volume is recorded at 1537134. 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 $4.28 area where the stock may encounter resistance.

Shares of Amarin Corporation plc (AMRN) traded higher by 10.04% or $0.84/share to $9.21. In the past year, the shares have traded as low as $2.45 and as high as $19.87. On average, 2497090 shares of AMRN exchange hands on a given day and today's volume is recorded at 1994744. 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 $10.97 area but be careful because the stock may face selling pressure at this level.