Among the most volatile stocks traded on May 18 were: ChipMOS TECHNOLOGIES (Bermuda) LTD, Brown Shoe Co. Inc, Renren Inc, Autodesk, Inc, and Yingli Green Energy Holding Co. Ltd. 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 ChipMOS TECHNOLOGIES (Bermuda) LTD. (IMOS) fell by 6.54% or $-0.83/share to $11.87. In the past year, the shares have traded as low as $4.39 and as high as $19.37. On average, 391500 shares of IMOS exchange hands on a given day and today's volume is recorded at 289767. 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 $14.91 represents resistance and the 200-day moving average of $8.52 would be an area of support.
Shares of Brown Shoe Co. Inc. (BWS) traded higher by 18.04% or $1.58/share to $10.34. In the past year, the shares have traded as low as $5.75 and as high as $11.22. On average, 429070 shares of BWS exchange hands on a given day and today's volume is recorded at 1096648. 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 $9.08 area where the stock will likely see buying pressure.
Shares of Renren Inc. (RENN) fell by 4.17% or $-0.26/share to $5.98. In the past year, the shares have traded as low as $3.21 and as high as $14.80. On average, 9958550 shares of RENN exchange hands on a given day and today's volume is recorded at 9460411. 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 $5.97 area where the stock will likely see buying pressure.
Shares of Autodesk, Inc. (ADSK) fell by 15.23% or $-5.29/share to $29.44. In the past year, the shares have traded as low as $22.99 and as high as $45.00. On average, 2709860 shares of ADSK exchange hands on a given day and today's volume is recorded at 10929767. 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 $33.98 area where the stock may encounter resistance.
Shares of Yingli Green Energy Holding Co. Ltd. (YGE) fell by 7.44% or $-0.21/share to $2.59. In the past year, the shares have traded as low as $2.75 and as high as $10.44. On average, 2760680 shares of YGE exchange hands on a given day and today's volume is recorded at 1322158. 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 $3.59 area but be careful because the stock may face selling pressure at this level.
