Among the most volatile stocks traded on November 22 were: Focus Media Holding Ltd, Groupon, Inc, China Real Estate Information Corporation, Frontline Ltd, and Perfect World Co., 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 Focus Media Holding Ltd. (FMCN) traded higher by 4.28% or $0.66/share to $16.09. In the past year, the shares have traded as low as $8.79 and as high as $37.58. On average, 4639190 shares of FMCN exchange hands on a given day and today's volume is recorded at 14985894. 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 $25.23 area but be careful because the stock may face selling pressure at this level.
Shares of Groupon, Inc. (GRPN) fell by 6.62% or $-1.56/share to $22.02. In the past year, the shares have traded as low as $22.76 and as high as $31.14. On average, 6838320 shares of GRPN exchange hands on a given day and today's volume is recorded at 519325. 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 $24.70 area but be careful because the stock may face selling pressure at this level.
Shares of China Real Estate Information Corporation (CRIC) fell by 11.02% or $-0.56/share to $4.52. In the past year, the shares have traded as low as $3.68 and as high as $9.89. On average, 74070 shares of CRIC exchange hands on a given day and today's volume is recorded at 94716. 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 $4.98 area but be careful because the stock may face selling pressure at this level.
Shares of Frontline Ltd. (FRO) fell by 39.21% or $-2.03/share to $3.15. In the past year, the shares have traded as low as $3.87 and as high as $28.05. On average, 2486490 shares of FRO exchange hands on a given day and today's volume is recorded at 6002301. 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 $5.27 area but be careful because the stock may face selling pressure at this level.
Shares of Perfect World Co., Ltd. (PWRD) fell by 11.86% or $-1.35/share to $10.03. In the past year, the shares have traded as low as $10.70 and as high as $29.10. On average, 885140 shares of PWRD exchange hands on a given day and today's volume is recorded at 860113. 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 $12.86 area but be careful because the stock may face selling pressure at this level.
