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Monday, October 10, 2011

Roller Coaster Volatility: (QTWW), (HNR), (SKUL), (BAS), (GEOI)

Among the most volatile stocks traded on October 10 were: Quantum Fuel Systems Technologies Worldwide Inc, Harvest Natural Resources Inc, Skullcandy, Inc, Basic Energy Services, Inc, and GeoResources, 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 Quantum Fuel Systems Technologies Worldwide Inc. (QTWW) fell by 1.92% or $-0.04/share to $2.17. In the past year, the shares have traded as low as $1.87 and as high as $12.62. On average, 459950 shares of QTWW exchange hands on a given day and today's volume is recorded at 56092. 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 $3.00 area but be careful because the stock may face selling pressure at this level.

Shares of Harvest Natural Resources Inc. (HNR) traded higher by 9.61% or $0.86/share to $9.81. In the past year, the shares have traded as low as $7.61 and as high as $17.46. On average, 737390 shares of HNR exchange hands on a given day and today's volume is recorded at 147079. 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 $10.65 area but be careful because the stock may face selling pressure at this level.

Shares of Skullcandy, Inc. (SKUL) traded higher by 2.69% or $0.38/share to $14.69. In the past year, the shares have traded as low as $11.81 and as high as $23.41. On average, 591250 shares of SKUL exchange hands on a given day and today's volume is recorded at 91581. 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 $15.28 area but be careful because the stock may face selling pressure at this level.

Shares of Basic Energy Services, Inc. (BAS) traded higher by 9.6% or $1.48/share to $16.89. In the past year, the shares have traded as low as $9.76 and as high as $37.79. On average, 1464010 shares of BAS exchange hands on a given day and today's volume is recorded at 1035924. 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 $20.47 area but be careful because the stock may face selling pressure at this level.

Shares of GeoResources, Inc. (GEOI) traded higher by 9.22% or $1.65/share to $19.55. In the past year, the shares have traded as low as $14.56 and as high as $32.94. On average, 306640 shares of GEOI exchange hands on a given day and today's volume is recorded at 75730. 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 $21.31 area but be careful because the stock may face selling pressure at this level.