Among the most volatile stocks traded on October 13 were: Clearwire Corporation, Hollysys Automation Technologies, Ltd, Extorre Gold Mines Ltd. Ordinar, Universal Forest Products Inc, and MedQuist Holdings 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 Clearwire Corporation (CLWR) traded higher by 17.69% or $0.23/share to $1.53. In the past year, the shares have traded as low as $1.24 and as high as $7.51. On average, 7637990 shares of CLWR exchange hands on a given day and today's volume is recorded at 9047668. 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 $2.36 area but be careful because the stock may face selling pressure at this level.
Shares of Hollysys Automation Technologies, Ltd (HOLI) traded higher by 10.09% or $0.64/share to $6.98. In the past year, the shares have traded as low as $4.54 and as high as $18.15. On average, 584910 shares of HOLI exchange hands on a given day and today's volume is recorded at 88877. 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 $10.78 represents resistance and the 50-day moving average of $5.99 would be an area of support.
Shares of Extorre Gold Mines Ltd. Ordinar (XG) fell by 6.26% or $-0.55/share to $8.23. In the past year, the shares have traded as low as $4.23 and as high as $15.42. On average, 274980 shares of XG exchange hands on a given day and today's volume is recorded at 135576. 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 $8.78 area where the stock may encounter resistance.
Shares of Universal Forest Products Inc. (UFPI) fell by 3.32% or $-0.86/share to $25.08. In the past year, the shares have traded as low as $22.91 and as high as $39.57. On average, 160890 shares of UFPI exchange hands on a given day and today's volume is recorded at 50155. 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 $26.47 area but be careful because the stock may face selling pressure at this level.
Shares of MedQuist Holdings Inc. (MEDH) traded higher by 0.98% or $0.08/share to $8.23. In the past year, the shares have traded as low as $6.21 and as high as $14.20. On average, 283980 shares of MEDH exchange hands on a given day and today's volume is recorded at 187027. 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 $8.46 area but be careful because the stock may face selling pressure at this level.
