Among the most volatile stocks traded on June 15 were: China Ming Yang Wind Power Group Limited, Velti Plc, Rare Element Resources Ltd, Renren Inc. American Depositary, and Office Depot, 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 China Ming Yang Wind Power Group Limited (MY) traded higher by 7.62% or $0.40/share to $5.65. In the past year, the shares have traded as low as $5.10 and as high as $14.70. On average, 374170 shares of MY exchange hands on a given day and today's volume is recorded at 178649. 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 $8.07 area but be careful because the stock may face selling pressure at this level.
Shares of Velti Plc (VELT) traded higher by 2.34% or $0.37/share to $16.15. In the past year, the shares have traded as low as $9.91 and as high as $19.32. On average, 454740 shares of VELT exchange hands on a given day and today's volume is recorded at 4948539. 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 $16.04 area where the stock will likely see buying pressure.
Shares of Rare Element Resources Ltd. (REE) traded higher by 12.07% or $1.19/share to $11.05. In the past year, the shares have traded as low as $1.15 and as high as $17.92. On average, 3205180 shares of REE exchange hands on a given day and today's volume is recorded at 1717845. 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 $11.30 area where the stock may encounter resistance.
Shares of Renren Inc. American Depositary (RENN) fell by 3.75% or $-0.31/share to $7.96. In the past year, the shares have traded as low as $7.91 and as high as $24.00. On average, 11575210 shares of RENN exchange hands on a given day and today's volume is recorded at 2345551. 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 $12.79 area but be careful because the stock may face selling pressure at this level.
Shares of Office Depot, Inc. (ODP) traded higher by 2.37% or $0.09/share to $3.84. In the past year, the shares have traded as low as $3.30 and as high as $6.25. On average, 8000180 shares of ODP exchange hands on a given day and today's volume is recorded at 4563983. 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 $4.15 area but be careful because the stock may face selling pressure at this level.
