Among the most volatile stocks traded on May 15 were: VanceInfo Technologies Inc, Patriot Coal Corporation, AutoNavi Holdings Limited, Groupon, Inc, and Air Lease Corporation. 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 VanceInfo Technologies Inc. (VIT) fell by 5.22% or $-0.57/share to $10.35. In the past year, the shares have traded as low as $6.19 and as high as $30.90. On average, 268530 shares of VIT exchange hands on a given day and today's volume is recorded at 507674. 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 $11.80 area where the stock may encounter resistance.
Shares of Patriot Coal Corporation (PCX) fell by 12.42% or $-0.60/share to $4.23. In the past year, the shares have traded as low as $4.82 and as high as $24.99. On average, 7086730 shares of PCX exchange hands on a given day and today's volume is recorded at 6579316. 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 $6.13 area but be careful because the stock may face selling pressure at this level.
Shares of AutoNavi Holdings Limited (AMAP) traded higher by 9.07% or $0.98/share to $11.78. In the past year, the shares have traded as low as $8.87 and as high as $18.91. On average, 117020 shares of AMAP exchange hands on a given day and today's volume is recorded at 79731. 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 $12.27 area but be careful because the stock may face selling pressure at this level.
Shares of Groupon, Inc. (GRPN) traded higher by 18.65% or $2.19/share to $13.93. In the past year, the shares have traded as low as $9.63 and as high as $31.14. On average, 2626480 shares of GRPN exchange hands on a given day and today's volume is recorded at 13012624. 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 $14.23 area but be careful because the stock may face selling pressure at this level.
Shares of Air Lease Corporation (AL) fell by 4.66% or $-1.10/share to $22.51. In the past year, the shares have traded as low as $17.24 and as high as $29.94. On average, 395830 shares of AL exchange hands on a given day and today's volume is recorded at 672835. 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 $23.00 area where the stock may encounter resistance.
