Among the most volatile stocks traded on October 14 were: Solazyme, Inc, hiSoft Technology International Ltd, A123 Systems, Inc, WuXi PharmaTech (Cayman) Inc, and Trina Solar 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 Solazyme, Inc. (SZYM) traded higher by 7.55% or $0.63/share to $8.97. In the past year, the shares have traded as low as $7.68 and as high as $27.47. On average, 360890 shares of SZYM exchange hands on a given day and today's volume is recorded at 119180. 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 $12.42 area but be careful because the stock may face selling pressure at this level.
Shares of hiSoft Technology International Ltd. (HSFT) traded higher by 2.61% or $0.28/share to $11.02. In the past year, the shares have traded as low as $8.02 and as high as $34.00. On average, 266720 shares of HSFT exchange hands on a given day and today's volume is recorded at 44474. 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 $17.95 represents resistance and the 50-day moving average of $10.22 would be an area of support.
Shares of A123 Systems, Inc. (AONE) fell by 2.58% or $-0.10/share to $3.76. In the past year, the shares have traded as low as $2.77 and as high as $10.99. On average, 2528940 shares of AONE exchange hands on a given day and today's volume is recorded at 1561533. 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 $4.11 area but be careful because the stock may face selling pressure at this level.
Shares of WuXi PharmaTech (Cayman) Inc. (WX) traded higher by 6.43% or $0.80/share to $13.25. In the past year, the shares have traded as low as $10.95 and as high as $19.10. On average, 450500 shares of WX exchange hands on a given day and today's volume is recorded at 235980. 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 $15.73 represents resistance and the 50-day moving average of $12.67 would be an area of support.
Shares of Trina Solar Ltd. (TSL) fell by 5.59% or $-0.42/share to $7.1. In the past year, the shares have traded as low as $5.28 and as high as $31.90. On average, 3934520 shares of TSL exchange hands on a given day and today's volume is recorded at 2262739. 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 $11.13 area but be careful because the stock may face selling pressure at this level.
