Among the most volatile stocks traded on November 21 were: Great Basin Gold Ltd, Spreadtrum Communications Inc, Focus Media Holding Ltd, AutoNavi Holdings Limited, and Groupon, 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 Great Basin Gold Ltd. (GBG) fell by 9.24% or $-0.11/share to $1.08. In the past year, the shares have traded as low as $1.18 and as high as $3.04. On average, 2855870 shares of GBG exchange hands on a given day and today's volume is recorded at 2300164. 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 $1.64 area but be careful because the stock may face selling pressure at this level.
Shares of Spreadtrum Communications Inc. (SPRD) fell by 8.12% or $-2.21/share to $25.0. In the past year, the shares have traded as low as $8.54 and as high as $29.98. On average, 1289640 shares of SPRD exchange hands on a given day and today's volume is recorded at 1624699. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $22.97 area where the stock will likely see buying pressure.
Shares of Focus Media Holding Ltd. (FMCN) fell by 12.51% or $-3.19/share to $22.31. In the past year, the shares have traded as low as $15.76 and as high as $37.58. On average, 3487170 shares of FMCN exchange hands on a given day and today's volume is recorded at 7133319. 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 $25.50 area but be careful because the stock may face selling pressure at this level.
Shares of AutoNavi Holdings Limited (AMAP) fell by 8.68% or $-0.92/share to $9.68. In the past year, the shares have traded as low as $10.21 and as high as $20.46. On average, 96260 shares of AMAP exchange hands on a given day and today's volume is recorded at 70146. 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 $13.31 area but be careful because the stock may face selling pressure at this level.
Shares of Groupon, Inc. (GRPN) fell by 7.03% or $-1.84/share to $24.35. In the past year, the shares have traded as low as $22.76 and as high as $31.14. On average, 7224520 shares of GRPN exchange hands on a given day and today's volume is recorded at 724868. 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 $24.80 area but be careful because the stock may face selling pressure at this level.
