Among the most volatile stocks traded on October 6 were: Venoco, Inc, Velti Plc, Dynegy Inc, Youku.com Inc, and International Speedway 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 Venoco, Inc. (VQ) traded higher by 2.67% or $0.20/share to $7.7. In the past year, the shares have traded as low as $6.67 and as high as $22.46. On average, 572410 shares of VQ exchange hands on a given day and today's volume is recorded at 146028. 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 $10.20 area but be careful because the stock may face selling pressure at this level.
Shares of Velti Plc (VELT) traded higher by 11.93% or $0.81/share to $7.6. In the past year, the shares have traded as low as $6.11 and as high as $20.00. On average, 662840 shares of VELT exchange hands on a given day and today's volume is recorded at 83242. 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 $9.97 area but be careful because the stock may face selling pressure at this level.
Shares of Dynegy Inc. (DYN) fell by 4.77% or $-0.18/share to $3.59. In the past year, the shares have traded as low as $3.00 and as high as $6.92. On average, 2154630 shares of DYN exchange hands on a given day and today's volume is recorded at 726112. 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 $4.68 area but be careful because the stock may face selling pressure at this level.
Shares of Youku.com Inc (YOKU) traded higher by 12.5% or $2.06/share to $18.54. In the past year, the shares have traded as low as $13.76 and as high as $69.96. On average, 4096740 shares of YOKU exchange hands on a given day and today's volume is recorded at 1247236. 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 $23.47 area but be careful because the stock may face selling pressure at this level.
Shares of International Speedway Corp. (ISCA) fell by 4.18% or $-0.97/share to $22.23. In the past year, the shares have traded as low as $21.27 and as high as $32.12. On average, 179140 shares of ISCA exchange hands on a given day and today's volume is recorded at 64992. 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 $23.97 area but be careful because the stock may face selling pressure at this level.
