Among the most volatile stocks traded on October 26 were: Abaxis Inc, Sina Corp, CTS Corporation, Human Genome Sciences Inc, and SodaStream International 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 Abaxis Inc. (ABAX) traded higher by 15.83% or $3.91/share to $28.62. In the past year, the shares have traded as low as $19.68 and as high as $31.69. On average, 186770 shares of ABAX exchange hands on a given day and today's volume is recorded at 168259. 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 $26.78 area.
Shares of Sina Corp. (SINA) fell by 9.1% or $-8.07/share to $80.66. In the past year, the shares have traded as low as $54.00 and as high as $147.11. On average, 6578760 shares of SINA exchange hands on a given day and today's volume is recorded at 4107386. 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 $91.98 area but be careful because the stock may face selling pressure at this level.
Shares of CTS Corporation (CTS) fell by 6.12% or $-0.59/share to $9.05. In the past year, the shares have traded as low as $7.14 and as high as $12.27. On average, 150270 shares of CTS exchange hands on a given day and today's volume is recorded at 79495. 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 $9.09 area but be careful because the stock may face selling pressure at this level.
Shares of Human Genome Sciences Inc. (HGSI) fell by 21.45% or $-2.73/share to $10.0. In the past year, the shares have traded as low as $10.40 and as high as $30.15. On average, 5278040 shares of HGSI exchange hands on a given day and today's volume is recorded at 10303278. 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 $12.87 area but be careful because the stock may face selling pressure at this level.
Shares of SodaStream International Ltd. (SODA) fell by 8.59% or $-2.73/share to $29.04. In the past year, the shares have traded as low as $23.15 and as high as $79.71. On average, 2149350 shares of SODA exchange hands on a given day and today's volume is recorded at 761280. 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 $36.43 area but be careful because the stock may face selling pressure at this level.
