Among the most volatile stocks traded on December 7 were: ZELTIQ Aesthetics, Inc, Clearwire Corporation, Spreadtrum Communications Inc, KiOR, Inc, and Xueda Education Group. 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 ZELTIQ Aesthetics, Inc. (ZLTQ) fell by 6.02% or $-0.80/share to $12.48. In the past year, the shares have traded as low as $13.16 and as high as $17.41. On average, 273100 shares of ZLTQ exchange hands on a given day and today's volume is recorded at 18314. 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 $14.88 area but be careful because the stock may face selling pressure at this level.
Shares of Clearwire Corporation (CLWR) fell by 3.2% or $-0.08/share to $2.42. In the past year, the shares have traded as low as $1.24 and as high as $6.46. On average, 8906860 shares of CLWR exchange hands on a given day and today's volume is recorded at 6846748. 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 $3.47 represents resistance and the 50-day moving average of $1.83 would be an area of support.
Shares of Spreadtrum Communications Inc. (SPRD) fell by 4.18% or $-0.91/share to $20.84. In the past year, the shares have traded as low as $8.54 and as high as $29.98. On average, 1470780 shares of SPRD exchange hands on a given day and today's volume is recorded at 1049656. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $23.75 represents resistance and the 200-day moving average of $19.39 would be an area of support.
Shares of KiOR, Inc. (KIOR) fell by 4.25% or $-0.58/share to $13.08. In the past year, the shares have traded as low as $8.88 and as high as $23.85. On average, 120770 shares of KIOR exchange hands on a given day and today's volume is recorded at 16974. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $15.11 area where the stock may encounter resistance.
Shares of Xueda Education Group (XUE) traded higher by 4.96% or $0.23/share to $4.87. In the past year, the shares have traded as low as $2.41 and as high as $12.01. On average, 298630 shares of XUE exchange hands on a given day and today's volume is recorded at 32288. 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 $7.21 represents resistance and the 50-day moving average of $3.23 would be an area of support.
