Among the most volatile stocks traded on November 7 were: LDK Solar Co., Ltd, China Yuchai International Limited, BroadSoft, Inc, China Ming Yang Wind Power Group Limited, and Inhibitex, 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 LDK Solar Co., Ltd. (LDK) fell by 2.92% or $-0.11/share to $3.66. In the past year, the shares have traded as low as $2.55 and as high as $15.10. On average, 3339670 shares of LDK exchange hands on a given day and today's volume is recorded at 250009. 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 $4.04 area but be careful because the stock may face selling pressure at this level.
Shares of China Yuchai International Limited (CYD) fell by 10.27% or $-1.57/share to $13.71. In the past year, the shares have traded as low as $12.63 and as high as $31.53. On average, 227870 shares of CYD exchange hands on a given day and today's volume is recorded at 130026. 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 $15.51 area but be careful because the stock may face selling pressure at this level.
Shares of BroadSoft, Inc. (BSFT) fell by 4.37% or $-1.59/share to $34.82. In the past year, the shares have traded as low as $9.00 and as high as $55.45. On average, 800820 shares of BSFT exchange hands on a given day and today's volume is recorded at 1184555. 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 $36.60 represents resistance and the 50-day moving average of $33.14 would be an area of support.
Shares of China Ming Yang Wind Power Group Limited (MY) fell by 4.42% or $-0.13/share to $2.81. In the past year, the shares have traded as low as $2.30 and as high as $12.78. On average, 269390 shares of MY exchange hands on a given day and today's volume is recorded at 26501. 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 $3.03 area but be careful because the stock may face selling pressure at this level.
Shares of Inhibitex, Inc. (INHX) traded higher by 9.72% or $0.83/share to $9.37. In the past year, the shares have traded as low as $1.89 and as high as $9.45. On average, 940320 shares of INHX exchange hands on a given day and today's volume is recorded at 7638820. 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 $3.46 area.
