Among the most volatile stocks traded on February 28 were: Sina Corp, Youku Inc, LDK Solar Co., Ltd, 21Vianet Group, Inc, and MDC Partners 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 Sina Corp. (SINA) traded higher by 12.53% or $7.89/share to $70.84. In the past year, the shares have traded as low as $46.86 and as high as $147.12. On average, 5592670 shares of SINA exchange hands on a given day and today's volume is recorded at 9053952. 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 $85.22 represents resistance and the 50-day moving average of $61.20 would be an area of support.
Shares of Youku Inc. (YOKU) traded higher by 8.81% or $2.03/share to $25.06. In the past year, the shares have traded as low as $13.76 and as high as $69.94. On average, 2340940 shares of YOKU exchange hands on a given day and today's volume is recorded at 1764156. 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 $25.00 area.
Shares of LDK Solar Co., Ltd. (LDK) traded higher by 1.93% or $0.12/share to $6.34. In the past year, the shares have traded as low as $2.55 and as high as $14.37. On average, 2295240 shares of LDK exchange hands on a given day and today's volume is recorded at 1472149. 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 $5.31 area.
Shares of 21Vianet Group, Inc. (VNET) traded higher by 1.69% or $0.21/share to $12.67. In the past year, the shares have traded as low as $8.31 and as high as $22.33. On average, 234910 shares of VNET exchange hands on a given day and today's volume is recorded at 694843. 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 $11.06 area.
Shares of MDC Partners Inc. (MDCA) fell by 1.74% or $-0.23/share to $13.0. In the past year, the shares have traded as low as $12.16 and as high as $20.40. On average, 93370 shares of MDCA exchange hands on a given day and today's volume is recorded at 259746. 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 $13.26 area but be careful because the stock may face selling pressure at this level.
