Among the most volatile stocks traded on April 5 were: Charm Communications Inc, Augusta Resource Corp, Constellation Brands Inc, Parametric Technology Corporation, 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 Charm Communications Inc. (CHRM) traded higher by 9.4% or $0.85/share to $9.89. In the past year, the shares have traded as low as $5.97 and as high as $12.26. On average, 9810 shares of CHRM exchange hands on a given day and today's volume is recorded at 13052. 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 $9.40 area.
Shares of Augusta Resource Corp. (AZC) fell by 3.74% or $-0.09/share to $2.26. In the past year, the shares have traded as low as $2.25 and as high as $5.57. On average, 212720 shares of AZC exchange hands on a given day and today's volume is recorded at 131781. 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 $3.01 area but be careful because the stock may face selling pressure at this level.
Shares of Constellation Brands Inc. (STZ) fell by 12.76% or $-3.15/share to $21.54. In the past year, the shares have traded as low as $16.42 and as high as $24.87. On average, 1549970 shares of STZ exchange hands on a given day and today's volume is recorded at 4378468. 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 $22.28 represents resistance and the 200-day moving average of $20.41 would be an area of support.
Shares of Parametric Technology Corporation (PMTC) fell by 18.68% or $-5.08/share to $22.12. In the past year, the shares have traded as low as $14.25 and as high as $28.95. On average, 1415450 shares of PMTC exchange hands on a given day and today's volume is recorded at 3842509. 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 $26.90 represents resistance and the 200-day moving average of $21.20 would be an area of support.
Shares of E-Commerce China Dangdang Inc. (DANG) traded higher by 6.18% or $0.57/share to $9.79. In the past year, the shares have traded as low as $4.11 and as high as $26.40. On average, 3070660 shares of DANG exchange hands on a given day and today's volume is recorded at 4414764. 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 $7.23 area.
