Among the most volatile stocks traded on October 12 were: The Cooper Companies Inc, MGIC Investment Corp, SouFun Holdings Ltd, A123 Systems, Inc, and Home Inns & Hotels Management 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 The Cooper Companies Inc. (COO) traded higher by 1.87% or $1.35/share to $73.5. In the past year, the shares have traded as low as $48.66 and as high as $84.20. On average, 548920 shares of COO exchange hands on a given day and today's volume is recorded at 1143268. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $74.32 represents resistance and the 200-day moving average of $70.56 would be an area of support.
Shares of MGIC Investment Corp. (MTG) fell by 1.68% or $-0.04/share to $2.34. In the past year, the shares have traded as low as $1.51 and as high as $11.79. On average, 8860380 shares of MTG exchange hands on a given day and today's volume is recorded at 1492165. 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 $6.62 represents resistance and the 50-day moving average of $2.31 would be an area of support.
Shares of SouFun Holdings Ltd. (SFUN) traded higher by 9.69% or $0.95/share to $10.75. In the past year, the shares have traded as low as $8.96 and as high as $27.57. On average, 262029 shares of SFUN exchange hands on a given day and today's volume is recorded at 134857. 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 $15.96 area but be careful because the stock may face selling pressure at this level.
Shares of A123 Systems, Inc. (AONE) traded higher by 10.27% or $0.34/share to $3.65. In the past year, the shares have traded as low as $2.77 and as high as $10.99. On average, 2348260 shares of AONE exchange hands on a given day and today's volume is recorded at 2212300. 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 $4.12 area but be careful because the stock may face selling pressure at this level.
Shares of Home Inns & Hotels Management Inc. (HMIN) traded higher by 7.02% or $2.11/share to $32.16. In the past year, the shares have traded as low as $22.09 and as high as $54.25. On average, 647380 shares of HMIN exchange hands on a given day and today's volume is recorded at 209758. 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 $34.16 area but be careful because the stock may face selling pressure at this level.
