Among the most volatile stocks traded on October 18 were: Lexicon Pharmaceuticals, Inc, LDK Solar Co., Ltd, Sequenom Inc, Jiayuan.com International Ltd, and MBIA 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 Lexicon Pharmaceuticals, Inc. (LXRX) traded higher by 7.55% or $0.08/share to $1.14. In the past year, the shares have traded as low as $0.81 and as high as $2.30. On average, 925900 shares of LXRX exchange hands on a given day and today's volume is recorded at 93999. 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 $1.18 area but be careful because the stock may face selling pressure at this level.
Shares of LDK Solar Co., Ltd. (LDK) fell by 2.77% or $-0.09/share to $3.16. In the past year, the shares have traded as low as $2.55 and as high as $15.10. On average, 3733500 shares of LDK exchange hands on a given day and today's volume is recorded at 722452. 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 $4.72 area but be careful because the stock may face selling pressure at this level.
Shares of Sequenom Inc. (SQNM) fell by 8.45% or $-0.47/share to $5.09. In the past year, the shares have traded as low as $4.57 and as high as $8.71. On average, 1596220 shares of SQNM exchange hands on a given day and today's volume is recorded at 2803973. 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 $5.50 area but be careful because the stock may face selling pressure at this level.
Shares of Jiayuan.com International Ltd. (DATE) fell by 3.04% or $-0.26/share to $8.3. In the past year, the shares have traded as low as $6.70 and as high as $16.12. On average, 206940 shares of DATE exchange hands on a given day and today's volume is recorded at 22910. 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 $10.78 area but be careful because the stock may face selling pressure at this level.
Shares of MBIA Inc. (MBI) traded higher by 8.4% or $0.63/share to $8.13. In the past year, the shares have traded as low as $5.99 and as high as $14.96. On average, 2737400 shares of MBI exchange hands on a given day and today's volume is recorded at 832992. 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 $9.38 represents resistance and the 50-day moving average of $7.40 would be an area of support.
