Among the most volatile stocks traded on October 11 were: iShares FTSE NAREIT Industrl/Offc Cp Idx, E-Commerce China Dangdang Inc. , Kenexa Corp, Velti Plc, and Sprint Nextel 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 iShares FTSE NAREIT Industrl/Offc Cp Idx (FIO) traded higher by 12.83% or $2.97/share to $26.11. In the past year, the shares have traded as low as $14.90 and as high as $36.98. On average, 663450 shares of FIO exchange hands on a given day and today's volume is recorded at 396793. 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 $25.12 area.
Shares of E-Commerce China Dangdang Inc. (DANG) traded higher by 8.7% or $0.48/share to $6.0. In the past year, the shares have traded as low as $4.50 and as high as $36.41. On average, 2918600 shares of DANG exchange hands on a given day and today's volume is recorded at 1766324. 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 $7.32 area but be careful because the stock may face selling pressure at this level.
Shares of Kenexa Corp. (KNXA) traded higher by 12.0% or $2.08/share to $19.41. In the past year, the shares have traded as low as $13.96 and as high as $33.19. On average, 225640 shares of KNXA exchange hands on a given day and today's volume is recorded at 205649. 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 $24.07 represents resistance and the 50-day moving average of $19.20 would be an area of support.
Shares of Velti Plc (VELT) traded higher by 7.67% or $0.57/share to $8.07. In the past year, the shares have traded as low as $6.11 and as high as $19.99. On average, 677900 shares of VELT exchange hands on a given day and today's volume is recorded at 218753. 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 $9.40 area but be careful because the stock may face selling pressure at this level.
Shares of Sprint Nextel Corp. (S) traded higher by 6.53% or $0.15/share to $2.37. In the past year, the shares have traded as low as $2.10 and as high as $6.46. On average, 72907700 shares of S exchange hands on a given day and today's volume is recorded at 54657768. 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 $3.35 area but be careful because the stock may face selling pressure at this level.
