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Thursday, October 27, 2011

Notable Volatility Encountere​d: (TYPE), (SFSF), (ARRS), (CEVA), (SKX)

Among the most volatile stocks traded on October 27 were: Monotype Imaging Holdings Inc, SuccessFactors, Inc, Arris Group Inc, CEVA Inc, and Skechers USA 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 Monotype Imaging Holdings Inc. (TYPE) traded higher by 5.49% or $0.70/share to $13.46. In the past year, the shares have traded as low as $9.32 and as high as $15.49. On average, 223250 shares of TYPE exchange hands on a given day and today's volume is recorded at 40505. 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 $12.93 area.

Shares of SuccessFactors, Inc. (SFSF) fell by 0.72% or $-0.19/share to $25.52. In the past year, the shares have traded as low as $19.46 and as high as $40.43. On average, 2237030 shares of SFSF exchange hands on a given day and today's volume is recorded at 3093670. 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 $30.31 represents resistance and the 50-day moving average of $23.19 would be an area of support.

Shares of Arris Group Inc. (ARRS) traded higher by 1.01% or $0.11/share to $11.03. In the past year, the shares have traded as low as $8.90 and as high as $14.49. On average, 1491040 shares of ARRS exchange hands on a given day and today's volume is recorded at 3009887. 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 $11.57 represents resistance and the 50-day moving average of $10.73 would be an area of support.

Shares of CEVA Inc. (CEVA) traded higher by 17.68% or $4.96/share to $33.01. In the past year, the shares have traded as low as $17.24 and as high as $35.60. On average, 245990 shares of CEVA exchange hands on a given day and today's volume is recorded at 490544. 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 $27.24 area.

Shares of Skechers USA Inc. (SKX) fell by 5.34% or $-0.76/share to $13.47. In the past year, the shares have traded as low as $12.81 and as high as $24.09. On average, 1251400 shares of SKX exchange hands on a given day and today's volume is recorded at 1394923. 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 $15.07 area but be careful because the stock may face selling pressure at this level.