Among the most volatile stocks traded on November 22 were: Suntech Power Holdings Co. Ltd, E-House (China) Holdings Limited, Sagent Pharmaceuticals, Inc, InterOil Corporation, and Trina Solar Limited. 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 Suntech Power Holdings Co. Ltd. (STP) traded higher by 4.48% or $0.10/share to $2.33. In the past year, the shares have traded as low as $1.70 and as high as $10.83. On average, 4494540 shares of STP exchange hands on a given day and today's volume is recorded at 644660. 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 $2.63 area but be careful because the stock may face selling pressure at this level.
Shares of E-House (China) Holdings Limited (EJ) fell by 14.02% or $-0.90/share to $5.52. In the past year, the shares have traded as low as $5.00 and as high as $15.92. On average, 361050 shares of EJ exchange hands on a given day and today's volume is recorded at 357740. 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 $6.56 area but be careful because the stock may face selling pressure at this level.
Shares of Sagent Pharmaceuticals, Inc. (SGNT) traded higher by 0.25% or $0.05/share to $20.42. In the past year, the shares have traded as low as $13.50 and as high as $29.23. On average, 91080 shares of SGNT exchange hands on a given day and today's volume is recorded at 13756. 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 $22.27 area but be careful because the stock may face selling pressure at this level.
Shares of InterOil Corporation (IOC) traded higher by 1.71% or $0.95/share to $56.45. In the past year, the shares have traded as low as $31.18 and as high as $81.92. On average, 763660 shares of IOC exchange hands on a given day and today's volume is recorded at 401938. 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 $60.03 represents resistance and the 50-day moving average of $48.81 would be an area of support.
Shares of Trina Solar Limited (TSL) fell by 2.73% or $-0.17/share to $6.06. In the past year, the shares have traded as low as $5.28 and as high as $31.08. On average, 4067800 shares of TSL exchange hands on a given day and today's volume is recorded at 909603. 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 $7.51 area but be careful because the stock may face selling pressure at this level.
