Among the most volatile stocks traded on January 10 were: RTI International Metals, Inc, Dendreon Corp, Achillion Pharmaceuticals, Inc, SouFun Holdings Ltd, and Skullcandy, 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 RTI International Metals, Inc. (RTI) traded higher by 11.88% or $2.78/share to $26.19. In the past year, the shares have traded as low as $20.07 and as high as $39.82. On average, 471560 shares of RTI exchange hands on a given day and today's volume is recorded at 269806. 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 $29.03 represents resistance and the 50-day moving average of $24.98 would be an area of support.
Shares of Dendreon Corp. (DNDN) fell by 3.46% or $-0.46/share to $12.85. In the past year, the shares have traded as low as $6.46 and as high as $43.96. On average, 7169150 shares of DNDN exchange hands on a given day and today's volume is recorded at 8974254. 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 $23.10 represents resistance and the 50-day moving average of $8.30 would be an area of support.
Shares of Achillion Pharmaceuticals, Inc. (ACHN) fell by 2.78% or $-0.27/share to $9.45. In the past year, the shares have traded as low as $3.81 and as high as $9.86. On average, 715530 shares of ACHN exchange hands on a given day and today's volume is recorded at 1609339. 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 $6.78 area where the stock will likely see buying pressure.
Shares of SouFun Holdings Ltd. (SFUN) traded higher by 4.22% or $0.71/share to $17.54. In the past year, the shares have traded as low as $8.34 and as high as $25.67. On average, 206760 shares of SFUN exchange hands on a given day and today's volume is recorded at 87396. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $16.15 area.
Shares of Skullcandy, Inc. (SKUL) fell by 3.7% or $-0.50/share to $13.0. In the past year, the shares have traded as low as $11.79 and as high as $23.40. On average, 371920 shares of SKUL exchange hands on a given day and today's volume is recorded at 256554. 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 $14.88 area but be careful because the stock may face selling pressure at this level.
