Among the most volatile stocks traded on May 11 were: Valhi, Inc, Chesapeake Granite Wash Trust, Roundy's, Inc, Guidewire Software, Inc, and NetQin Mobile 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 Valhi, Inc. (VHI) traded higher by 7.68% or $1.28/share to $17.95. In the past year, the shares have traded as low as $11.00 and as high as $21.69. On average, 39720 shares of VHI exchange hands on a given day and today's volume is recorded at 41674. 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 $18.53 represents resistance and the 50-day moving average of $17.68 would be an area of support.
Shares of Chesapeake Granite Wash Trust (CHKR) fell by 7.45% or $-1.77/share to $21.98. In the past year, the shares have traded as low as $17.49 and as high as $30.24. On average, 420290 shares of CHKR exchange hands on a given day and today's volume is recorded at 897400. 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 $23.85 area where the stock may encounter resistance.
Shares of Roundy's, Inc. (RNDY) fell by 16.73% or $-2.05/share to $10.2. In the past year, the shares have traded as low as $8.25 and as high as $12.50. On average, 593200 shares of RNDY exchange hands on a given day and today's volume is recorded at 1927783. 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 $11.04 area where the stock may encounter resistance.
Shares of Guidewire Software, Inc. (GWRE) traded higher by 7.99% or $1.85/share to $24.99. In the past year, the shares have traded as low as $16.45 and as high as $38.13. On average, 337470 shares of GWRE exchange hands on a given day and today's volume is recorded at 59571. 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 $25.68 area where the stock may encounter resistance.
Shares of NetQin Mobile Inc. (NQ) fell by 6.49% or $-0.76/share to $10.95. In the past year, the shares have traded as low as $3.46 and as high as $12.70. On average, 506950 shares of NQ exchange hands on a given day and today's volume is recorded at 233240. 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 $10.54 area where the stock will likely see buying pressure.
