Among the most volatile stocks traded on April 9 were: Halc, magicJack VocalTec Ltd, Millennial Media Inc, VanceInfo Technologies Inc, and InterMune 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 Halc (HK) fell by 6.37% or $-0.64/share to $9.41. In the past year, the shares have traded as low as $1.80 and as high as $13.35. On average, 918590 shares of HK exchange hands on a given day and today's volume is recorded at 93348. 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 $10.75 represents resistance and the 200-day moving average of $5.59 would be an area of support.
Shares of magicJack VocalTec Ltd. (CALL) traded higher by 12.28% or $2.55/share to $23.36. In the past year, the shares have traded as low as $9.49 and as high as $28.21. On average, 381380 shares of CALL exchange hands on a given day and today's volume is recorded at 576357. 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 $21.09 area where the stock will likely see buying pressure.
Shares of Millennial Media Inc. (MM) fell by 4.15% or $-0.76/share to $17.66. In the past year, the shares have traded as low as $18.42 and as high as $27.91. On average, 4111029 shares of MM exchange hands on a given day and today's volume is recorded at 536807. 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 $21.76 area but be careful because the stock may face selling pressure at this level.
Shares of VanceInfo Technologies Inc. (VIT) traded higher by 3.51% or $0.39/share to $11.5. In the past year, the shares have traded as low as $6.19 and as high as $34.90. On average, 310570 shares of VIT exchange hands on a given day and today's volume is recorded at 156788. 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 $12.60 area but be careful because the stock may face selling pressure at this level.
Shares of InterMune Inc. (ITMN) fell by 8.25% or $-1.26/share to $14.02. In the past year, the shares have traded as low as $10.67 and as high as $51.72. On average, 1901680 shares of ITMN exchange hands on a given day and today's volume is recorded at 1729467. 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 $14.53 area but be careful because the stock may face selling pressure at this level.
