Among the most volatile stocks traded on December 7 were: China Mass Media Corp, Jaguar Mining Inc, Cninsure Inc, Francesca's Holdings Corporation, and Suntech Power Holdings Co. Ltd. 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 China Mass Media Corp. (CMM) fell by 6.81% or $-1.59/share to $21.75. In the past year, the shares have traded as low as $7.60 and as high as $36.20. On average, 5610 shares of CMM exchange hands on a given day and today's volume is recorded at 23425. 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 $17.29 area where the stock will likely see buying pressure.
Shares of Jaguar Mining Inc. (JAG) fell by 10.22% or $-0.74/share to $6.5. In the past year, the shares have traded as low as $4.03 and as high as $8.18. On average, 2271360 shares of JAG exchange hands on a given day and today's volume is recorded at 3072878. 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 $5.71 area where the stock will likely see buying pressure.
Shares of Cninsure Inc. (CISG) traded higher by 0.15% or $0.01/share to $6.7. In the past year, the shares have traded as low as $5.28 and as high as $20.88. On average, 500280 shares of CISG exchange hands on a given day and today's volume is recorded at 29876. 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 $6.96 area but be careful because the stock may face selling pressure at this level.
Shares of Francesca's Holdings Corporation (FRAN) traded higher by 2.33% or $0.39/share to $17.12. In the past year, the shares have traded as low as $15.22 and as high as $29.75. On average, 217670 shares of FRAN exchange hands on a given day and today's volume is recorded at 404650. 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 $21.32 area but be careful because the stock may face selling pressure at this level.
Shares of Suntech Power Holdings Co. Ltd. (STP) traded higher by 5.77% or $0.15/share to $2.75. In the past year, the shares have traded as low as $1.70 and as high as $10.83. On average, 4457620 shares of STP exchange hands on a given day and today's volume is recorded at 2155143. 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 $6.22 represents resistance and the 50-day moving average of $2.46 would be an area of support.
