Among the most volatile stocks traded on October 11 were: Patriot Coal Corporation, Leap Wireless International Inc, Youku.com Inc, China Ming Yang Wind Power Group Limited, and ATP Oil & Gas Corp. 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 Patriot Coal Corporation (PCX) traded higher by 4.36% or $0.43/share to $10.29. In the past year, the shares have traded as low as $6.92 and as high as $29.20. On average, 7284490 shares of PCX exchange hands on a given day and today's volume is recorded at 2718224. 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 $12.75 area but be careful because the stock may face selling pressure at this level.
Shares of Leap Wireless International Inc. (LEAP) traded higher by 9.04% or $0.53/share to $6.39. In the past year, the shares have traded as low as $5.50 and as high as $17.66. On average, 2625370 shares of LEAP exchange hands on a given day and today's volume is recorded at 994054. 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 $7.89 area but be careful because the stock may face selling pressure at this level.
Shares of Youku.com Inc (YOKU) traded higher by 5.96% or $1.21/share to $21.5. In the past year, the shares have traded as low as $13.76 and as high as $69.94. On average, 4030670 shares of YOKU exchange hands on a given day and today's volume is recorded at 1623460. 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 $22.42 area but be careful because the stock may face selling pressure at this level.
Shares of China Ming Yang Wind Power Group Limited (MY) fell by 3.33% or $-0.09/share to $2.61. In the past year, the shares have traded as low as $2.30 and as high as $13.67. On average, 296080 shares of MY exchange hands on a given day and today's volume is recorded at 10196. 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 $3.36 area but be careful because the stock may face selling pressure at this level.
Shares of ATP Oil & Gas Corp. (ATPG) traded higher by 3.81% or $0.32/share to $8.85. In the past year, the shares have traded as low as $5.71 and as high as $21.39. On average, 2145120 shares of ATPG exchange hands on a given day and today's volume is recorded at 532373. 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 $10.69 area but be careful because the stock may face selling pressure at this level.
