Among the most volatile stocks traded on January 23 were: Patriot Coal Corporation, NetQin Mobile Inc, Jive Software, Inc, Scientific Games Corporation, and International Rectifier Corporation. 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 Patriot Coal Corporation (PCX) traded higher by 9.07% or $0.68/share to $8.19. In the past year, the shares have traded as low as $6.92 and as high as $29.20. On average, 6582900 shares of PCX exchange hands on a given day and today's volume is recorded at 6099590. 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 $9.21 area but be careful because the stock may face selling pressure at this level.
Shares of NetQin Mobile Inc. (NQ) fell by 4.18% or $-0.30/share to $6.88. In the past year, the shares have traded as low as $3.46 and as high as $11.90. On average, 188800 shares of NQ exchange hands on a given day and today's volume is recorded at 134675. 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 $5.89 area where the stock will likely see buying pressure.
Shares of Jive Software, Inc. (JIVE) fell by 3.59% or $-0.55/share to $14.7. In the past year, the shares have traded as low as $14.18 and as high as $16.86. On average, 845540 shares of JIVE exchange hands on a given day and today's volume is recorded at 240401. 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 $15.27 area but be careful because the stock may face selling pressure at this level.
Shares of Scientific Games Corporation (SGMS) fell by 6.66% or $-0.78/share to $10.93. In the past year, the shares have traded as low as $6.50 and as high as $12.06. On average, 598570 shares of SGMS exchange hands on a given day and today's volume is recorded at 921116. 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 $9.10 area where the stock will likely see buying pressure.
Shares of International Rectifier Corporation (IRF) fell by 0.73% or $-0.17/share to $23.26. In the past year, the shares have traded as low as $17.28 and as high as $35.26. On average, 478300 shares of IRF exchange hands on a given day and today's volume is recorded at 588718. 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 $24.42 represents resistance and the 50-day moving average of $20.63 would be an area of support.
