Among the most volatile stocks traded on October 17 were: Yingli Green Energy Holding Co. Ltd, Ivanhoe Energy Inc, Clearwire Corporation, CEMEX, S.A.B. de C.V, and Tangoe, 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 Yingli Green Energy Holding Co. Ltd. (YGE) fell by 7.69% or $-0.30/share to $3.6. In the past year, the shares have traded as low as $2.75 and as high as $14.14. On average, 4752950 shares of YGE exchange hands on a given day and today's volume is recorded at 1379419. 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 $4.70 area but be careful because the stock may face selling pressure at this level.
Shares of Ivanhoe Energy Inc. (IVAN) fell by 6.52% or $-0.09/share to $1.29. In the past year, the shares have traded as low as $0.84 and as high as $3.67. On average, 784060 shares of IVAN exchange hands on a given day and today's volume is recorded at 306178. 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 $1.37 area but be careful because the stock may face selling pressure at this level.
Shares of Clearwire Corporation (CLWR) fell by 12.89% or $-0.20/share to $1.38. In the past year, the shares have traded as low as $1.24 and as high as $7.41. On average, 8027700 shares of CLWR exchange hands on a given day and today's volume is recorded at 2525819. 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 $2.33 area but be careful because the stock may face selling pressure at this level.
Shares of CEMEX, S.A.B. de C.V. (CX) fell by 10.13% or $-0.38/share to $3.37. In the past year, the shares have traded as low as $2.27 and as high as $11.15. On average, 17052140 shares of CX exchange hands on a given day and today's volume is recorded at 5047390. 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 $4.46 area but be careful because the stock may face selling pressure at this level.
Shares of Tangoe, Inc. (TNGO) fell by 2.7% or $-0.38/share to $13.67. In the past year, the shares have traded as low as $8.01 and as high as $14.43. On average, 182520 shares of TNGO exchange hands on a given day and today's volume is recorded at 22295. 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 $11.54 area.
