Among the most volatile stocks traded on October 14 were: Youku.com Inc, Webster Financial Corp, Ivanhoe Energy Inc, VanceInfo Technologies Inc, and DepoMed 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 Youku.com Inc (YOKU) fell by 8.79% or $-1.91/share to $19.81. In the past year, the shares have traded as low as $13.76 and as high as $69.95. On average, 3949420 shares of YOKU exchange hands on a given day and today's volume is recorded at 1824118. 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 $21.64 area but be careful because the stock may face selling pressure at this level.
Shares of Webster Financial Corp. (WBS) fell by 4.34% or $-0.79/share to $17.43. In the past year, the shares have traded as low as $14.34 and as high as $23.62. On average, 714350 shares of WBS exchange hands on a given day and today's volume is recorded at 730412. 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 $20.09 represents resistance and the 50-day moving average of $16.67 would be an area of support.
Shares of Ivanhoe Energy Inc. (IVAN) fell by 4.26% or $-0.06/share to $1.35. In the past year, the shares have traded as low as $0.84 and as high as $3.67. On average, 769880 shares of IVAN exchange hands on a given day and today's volume is recorded at 652906. 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 VanceInfo Technologies Inc. (VIT) fell by 4.21% or $-0.45/share to $10.23. In the past year, the shares have traded as low as $6.19 and as high as $41.07. On average, 1203760 shares of VIT exchange hands on a given day and today's volume is recorded at 344029. 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 $11.66 area but be careful because the stock may face selling pressure at this level.
Shares of DepoMed Inc. (DEPO) fell by 23.41% or $-1.47/share to $4.81. In the past year, the shares have traded as low as $4.53 and as high as $10.40. On average, 839800 shares of DEPO exchange hands on a given day and today's volume is recorded at 2279139. 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 $5.67 area but be careful because the stock may face selling pressure at this level.
