Among the most volatile stocks traded on January 10 were: Perfect World Co., Ltd, Velti Plc, OCZ Technology Group, Inc, WNS (Holdings) Ltd, and Skechers USA 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 Perfect World Co., Ltd. (PWRD) traded higher by 17.03% or $1.50/share to $10.31. In the past year, the shares have traded as low as $8.44 and as high as $29.10. On average, 819850 shares of PWRD exchange hands on a given day and today's volume is recorded at 2897019. 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 $11.49 area but be careful because the stock may face selling pressure at this level.
Shares of Velti Plc (VELT) traded higher by 9.06% or $0.57/share to $6.86. In the past year, the shares have traded as low as $6.04 and as high as $20.00. On average, 495060 shares of VELT exchange hands on a given day and today's volume is recorded at 718561. 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 $7.31 area but be careful because the stock may face selling pressure at this level.
Shares of OCZ Technology Group, Inc. (OCZ) fell by 7.16% or $-0.58/share to $7.52. In the past year, the shares have traded as low as $4.14 and as high as $10.94. On average, 1541870 shares of OCZ exchange hands on a given day and today's volume is recorded at 1853936. 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 $7.25 area where the stock will likely see buying pressure.
Shares of WNS (Holdings) Ltd. (WNS) traded higher by 7.53% or $0.70/share to $10.0. In the past year, the shares have traded as low as $7.82 and as high as $13.05. On average, 12480 shares of WNS exchange hands on a given day and today's volume is recorded at 21296. 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 $10.30 area where the stock may encounter resistance.
Shares of Skechers USA Inc. (SKX) traded higher by 2.44% or $0.28/share to $11.74. In the past year, the shares have traded as low as $11.21 and as high as $23.66. On average, 907510 shares of SKX exchange hands on a given day and today's volume is recorded at 1192533. 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 $12.86 area but be careful because the stock may face selling pressure at this level.
