Among the most volatile stocks traded on April 9 were: Zhongpin, Inc, ClickSoftware Technologies Ltd, Teavana Holdings, Inc, E-Commerce China Dangdang Inc, and AOL, 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 Zhongpin, Inc. (HOGS) fell by 7.41% or $-0.78/share to $9.75. In the past year, the shares have traded as low as $6.60 and as high as $17.31. On average, 488000 shares of HOGS exchange hands on a given day and today's volume is recorded at 933368. 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 $10.52 represents resistance and the 200-day moving average of $9.62 would be an area of support.
Shares of ClickSoftware Technologies Ltd. (CKSW) fell by 13.73% or $-1.72/share to $10.81. In the past year, the shares have traded as low as $7.00 and as high as $13.07. On average, 135790 shares of CKSW exchange hands on a given day and today's volume is recorded at 491774. 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 $11.31 represents resistance and the 200-day moving average of $9.66 would be an area of support.
Shares of Teavana Holdings, Inc. (TEA) fell by 2.25% or $-0.44/share to $19.14. In the past year, the shares have traded as low as $14.28 and as high as $29.35. On average, 266000 shares of TEA exchange hands on a given day and today's volume is recorded at 44688. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $21.13 area where the stock may encounter resistance.
Shares of E-Commerce China Dangdang Inc. (DANG) traded higher by 3.88% or $0.38/share to $10.11. In the past year, the shares have traded as low as $4.11 and as high as $26.41. On average, 3157550 shares of DANG exchange hands on a given day and today's volume is recorded at 1943043. 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 $7.27 area where the stock will likely see buying pressure.
Shares of AOL, Inc. (AOL) traded higher by 40.39% or $7.44/share to $25.86. In the past year, the shares have traded as low as $10.06 and as high as $22.47. On average, 1342360 shares of AOL exchange hands on a given day and today's volume is recorded at 8828694. 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 $18.07 area where the stock will likely see buying pressure.
