Among the most volatile stocks traded on December 15 were: Golden Star Resources, Ltd, Hyperdynamics Corporation, Nevsun Resources Ltd, Central European Distribution Corp, and Youku.com 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 Golden Star Resources, Ltd. (GSS) fell by 3.85% or $-0.07/share to $1.75. In the past year, the shares have traded as low as $1.55 and as high as $4.86. On average, 3480180 shares of GSS exchange hands on a given day and today's volume is recorded at 1460033. 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 $2.04 area but be careful because the stock may face selling pressure at this level.
Shares of Hyperdynamics Corporation (HDY) traded higher by 8.1% or $0.18/share to $2.34. In the past year, the shares have traded as low as $2.01 and as high as $7.80. On average, 2909170 shares of HDY exchange hands on a given day and today's volume is recorded at 1855563. 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 Nevsun Resources Ltd. (NSU) fell by 4.63% or $-0.26/share to $5.35. In the past year, the shares have traded as low as $4.32 and as high as $7.71. On average, 615770 shares of NSU exchange hands on a given day and today's volume is recorded at 317549. 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 $5.52 area but be careful because the stock may face selling pressure at this level.
Shares of Central European Distribution Corp. (CEDC) traded higher by 11.21% or $0.52/share to $5.16. In the past year, the shares have traded as low as $2.75 and as high as $26.25. On average, 2566820 shares of CEDC exchange hands on a given day and today's volume is recorded at 1556612. 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 $8.73 represents resistance and the 50-day moving average of $5.10 would be an area of support.
Shares of Youku.com Inc (YOKU) fell by 4.03% or $-0.72/share to $17.13. In the past year, the shares have traded as low as $13.76 and as high as $69.95. On average, 3069830 shares of YOKU exchange hands on a given day and today's volume is recorded at 936130. 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 $19.41 area but be careful because the stock may face selling pressure at this level.
