Among the most volatile stocks traded on March 28 were: Idenix Pharmaceuticals Inc, InvenSense, Inc, NetQin Mobile Inc, China Ming Yang Wind Power Group Limited, and Clean Energy Fuels Corp. 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 Idenix Pharmaceuticals Inc. (IDIX) fell by 3.53% or $-0.37/share to $10.1. In the past year, the shares have traded as low as $2.82 and as high as $15.25. On average, 2351180 shares of IDIX exchange hands on a given day and today's volume is recorded at 455234. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $12.08 represents resistance and the 200-day moving average of $7.69 would be an area of support.
Shares of InvenSense, Inc. (INVN) fell by 5.3% or $-1.10/share to $19.66. In the past year, the shares have traded as low as $8.25 and as high as $22.35. On average, 1403670 shares of INVN exchange hands on a given day and today's volume is recorded at 1836069. 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 $17.37 area where the stock will likely see buying pressure.
Shares of NetQin Mobile Inc. (NQ) fell by 5.69% or $-0.66/share to $10.93. In the past year, the shares have traded as low as $3.46 and as high as $12.19. On average, 423420 shares of NQ exchange hands on a given day and today's volume is recorded at 387681. 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 $8.06 area where the stock will likely see buying pressure.
Shares of China Ming Yang Wind Power Group Limited (MY) fell by 4.53% or $-0.11/share to $2.32. In the past year, the shares have traded as low as $1.18 and as high as $10.73. On average, 329680 shares of MY exchange hands on a given day and today's volume is recorded at 38801. 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 $2.52 area but be careful because the stock may face selling pressure at this level.
Shares of Clean Energy Fuels Corp. (CLNE) fell by 6.0% or $-1.38/share to $21.62. In the past year, the shares have traded as low as $9.02 and as high as $24.75. On average, 2061110 shares of CLNE exchange hands on a given day and today's volume is recorded at 2038679. 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 $18.04 area where the stock will likely see buying pressure.
