Among the most volatile stocks traded on October 18 were: SuccessFactors, Inc, Genco Shipping & Trading Ltd, Ivanhoe Mines Ltd, Manitowoc Co. Inc, and Suntech Power Holdings Co. Ltd. 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 SuccessFactors, Inc. (SFSF) traded higher by 0.73% or $0.19/share to $26.28. In the past year, the shares have traded as low as $19.46 and as high as $40.44. On average, 2082250 shares of SFSF exchange hands on a given day and today's volume is recorded at 2143357. 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 $30.50 represents resistance and the 50-day moving average of $23.08 would be an area of support.
Shares of Genco Shipping & Trading Ltd. (GNK) fell by 5.02% or $-0.45/share to $8.51. In the past year, the shares have traded as low as $4.15 and as high as $18.08. On average, 987800 shares of GNK exchange hands on a given day and today's volume is recorded at 366815. 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 $8.97 represents resistance and the 50-day moving average of $7.05 would be an area of support.
Shares of Ivanhoe Mines Ltd. (IVN) traded higher by 3.33% or $0.56/share to $17.37. In the past year, the shares have traded as low as $12.11 and as high as $30.03. On average, 2949450 shares of IVN exchange hands on a given day and today's volume is recorded at 1972325. 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 $18.84 area but be careful because the stock may face selling pressure at this level.
Shares of Manitowoc Co. Inc. (MTW) fell by 1.03% or $-0.08/share to $7.79. In the past year, the shares have traded as low as $5.76 and as high as $23.23. On average, 4050870 shares of MTW exchange hands on a given day and today's volume is recorded at 2687991. 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 $8.93 area but be careful because the stock may face selling pressure at this level.
Shares of Suntech Power Holdings Co. Ltd. (STP) fell by 2.03% or $-0.04/share to $2.17. In the past year, the shares have traded as low as $1.70 and as high as $10.81. On average, 3984980 shares of STP exchange hands on a given day and today's volume is recorded at 2020908. 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 $4.02 area but be careful because the stock may face selling pressure at this level.
