Among the most volatile stocks traded on May 14 were: China Yuchai International Limited, Velti Plc, InvenSense, Inc, Zynga, Inc, and Bona Film Group Limited. 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 China Yuchai International Limited (CYD) traded higher by 1.2% or $0.16/share to $13.47. In the past year, the shares have traded as low as $12.63 and as high as $26.11. On average, 77890 shares of CYD exchange hands on a given day and today's volume is recorded at 19573. 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 $15.24 area but be careful because the stock may face selling pressure at this level.
Shares of Velti Plc (VELT) fell by 3.52% or $-0.32/share to $8.78. In the past year, the shares have traded as low as $6.04 and as high as $20.00. On average, 898840 shares of VELT exchange hands on a given day and today's volume is recorded at 492455. 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 $9.53 area where the stock may encounter resistance.
Shares of InvenSense, Inc. (INVN) fell by 3.2% or $-0.38/share to $11.5. In the past year, the shares have traded as low as $8.25 and as high as $22.35. On average, 2200520 shares of INVN exchange hands on a given day and today's volume is recorded at 520710. 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 $14.67 area where the stock may encounter resistance.
Shares of Zynga, Inc. (ZNGA) traded higher by 5.75% or $0.43/share to $7.91. In the past year, the shares have traded as low as $7.34 and as high as $15.91. On average, 14247420 shares of ZNGA exchange hands on a given day and today's volume is recorded at 7533842. 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 $11.07 area where the stock may encounter resistance.
Shares of Bona Film Group Limited (BONA) traded higher by 7.53% or $0.45/share to $6.43. In the past year, the shares have traded as low as $3.50 and as high as $6.30. On average, 76020 shares of BONA exchange hands on a given day and today's volume is recorded at 159821. 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 $5.50 area where the stock will likely see buying pressure.
