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Wednesday, April 25, 2012

Notable Volatility Encountered: (USNA), (KND), (BBCN), (IPCM), (JNY)

Among the most volatile stocks traded on April 25 were: USANA Health Sciences Inc, Kindred Healthcare Inc, BBCN Bancorp, Inc, IPC The Hospitalist Company, Inc, and The Jones Group 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 USANA Health Sciences Inc. (USNA) traded higher by 11.96% or $4.40/share to $41.2. In the past year, the shares have traded as low as $23.10 and as high as $38.97. On average, 57240 shares of USNA exchange hands on a given day and today's volume is recorded at 101560. 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 $37.08 area where the stock will likely see buying pressure.

Shares of Kindred Healthcare Inc. (KND) traded higher by 23.37% or $1.94/share to $10.24. In the past year, the shares have traded as low as $7.60 and as high as $28.99. On average, 796910 shares of KND exchange hands on a given day and today's volume is recorded at 1951318. 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 $11.66 represents resistance and the 50-day moving average of $9.56 would be an area of support.

Shares of BBCN Bancorp, Inc. (BBCN) traded higher by 4.77% or $0.52/share to $11.42. In the past year, the shares have traded as low as $5.57 and as high as $11.59. On average, 356730 shares of BBCN exchange hands on a given day and today's volume is recorded at 126529. 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 $10.65 area where the stock will likely see buying pressure.

Shares of IPC The Hospitalist Company, Inc. (IPCM) traded higher by 11.87% or $4.21/share to $39.69. In the past year, the shares have traded as low as $29.70 and as high as $52.25. On average, 182320 shares of IPCM exchange hands on a given day and today's volume is recorded at 183496. 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 $39.66 area.

Shares of The Jones Group Inc. (JNY) fell by 5.23% or $-0.64/share to $11.6. In the past year, the shares have traded as low as $7.93 and as high as $14.75. On average, 1252500 shares of JNY exchange hands on a given day and today's volume is recorded at 3302722. 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 $11.14 area where the stock will likely see buying pressure.