Among the most volatile stocks traded on June 22 were: Hanwha SolarOne, Ltd, Clearwire Corporation, Great Basin Gold Ltd, Geron Corporation, and Fusion-io 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 Hanwha SolarOne, Ltd. (HSOL) traded higher by 11.62% or $0.61/share to $5.86. In the past year, the shares have traded as low as $4.83 and as high as $13.48. On average, 974200 shares of HSOL exchange hands on a given day and today's volume is recorded at 2022826. 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 $6.00 area but be careful because the stock may face selling pressure at this level.
Shares of Clearwire Corporation (CLWR) traded higher by 7.16% or $0.27/share to $4.04. In the past year, the shares have traded as low as $3.35 and as high as $8.82. On average, 5119650 shares of CLWR exchange hands on a given day and today's volume is recorded at 4554935. 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 $4.66 area but be careful because the stock may face selling pressure at this level.
Shares of Great Basin Gold Ltd. (GBG) traded higher by 10.75% or $0.20/share to $2.06. In the past year, the shares have traded as low as $1.58 and as high as $3.32. On average, 2045790 shares of GBG exchange hands on a given day and today's volume is recorded at 1986541. 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 $2.18 area but be careful because the stock may face selling pressure at this level.
Shares of Geron Corporation (GERN) traded higher by 3.56% or $0.14/share to $4.07. In the past year, the shares have traded as low as $3.85 and as high as $6.40. On average, 1403280 shares of GERN exchange hands on a given day and today's volume is recorded at 856143. 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 $4.61 area but be careful because the stock may face selling pressure at this level.
Shares of Fusion-io Inc. (FIO) traded higher by 10.32% or $2.58/share to $27.58. In the past year, the shares have traded as low as $19.28 and as high as $33.00. On average, 2540380 shares of FIO exchange hands on a given day and today's volume is recorded at 428522. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $22.74 area.
