Among the most volatile stocks traded on January 23 were: Hyperdynamics Corporation, Sears Holdings Corporation, Augusta Resource Corp, AutoNavi Holdings Limited, and E-Commerce China Dangdang 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 Hyperdynamics Corporation (HDY) fell by 4.71% or $-0.16/share to $3.24. In the past year, the shares have traded as low as $2.01 and as high as $7.15. On average, 3189770 shares of HDY exchange hands on a given day and today's volume is recorded at 3260063. 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 $3.99 represents resistance and the 50-day moving average of $3.04 would be an area of support.
Shares of Sears Holdings Corporation (SHLD) traded higher by 9.22% or $4.52/share to $53.52. In the past year, the shares have traded as low as $28.89 and as high as $94.79. On average, 1589850 shares of SHLD exchange hands on a given day and today's volume is recorded at 4259141. 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 $64.74 represents resistance and the 50-day moving average of $50.73 would be an area of support.
Shares of Augusta Resource Corp. (AZC) fell by 10.28% or $-0.33/share to $2.88. In the past year, the shares have traded as low as $2.65 and as high as $6.29. On average, 169540 shares of AZC exchange hands on a given day and today's volume is recorded at 446469. 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 $3.34 area but be careful because the stock may face selling pressure at this level.
Shares of AutoNavi Holdings Limited (AMAP) traded higher by 0.54% or $0.06/share to $11.15. In the past year, the shares have traded as low as $8.87 and as high as $20.20. On average, 87020 shares of AMAP exchange hands on a given day and today's volume is recorded at 64666. 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 $14.33 represents resistance and the 50-day moving average of $10.55 would be an area of support.
Shares of E-Commerce China Dangdang Inc. (DANG) fell by 5.31% or $-0.40/share to $7.14. In the past year, the shares have traded as low as $4.11 and as high as $31.58. On average, 2356820 shares of DANG exchange hands on a given day and today's volume is recorded at 2963172. 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 $10.42 represents resistance and the 50-day moving average of $5.07 would be an area of support.
