Among the most volatile stocks traded on June 29 were: Rosetta Stone, Inc, Gevo, Inc, Phoenix New Media Limited Ameri, Achillion Pharmaceuticals, Inc, and Renren Inc. American Depositary. 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 Rosetta Stone, Inc. (RST) traded higher by 4.68% or $0.70/share to $15.67. In the past year, the shares have traded as low as $12.57 and as high as $25.66. On average, 170520 shares of RST exchange hands on a given day and today's volume is recorded at 60819. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $17.76 represents resistance and the 50-day moving average of $13.93 would be an area of support.
Shares of Gevo, Inc. (GEVO) fell by 5.26% or $-0.85/share to $15.32. In the past year, the shares have traded as low as $12.79 and as high as $26.36. On average, 138880 shares of GEVO exchange hands on a given day and today's volume is recorded at 32244. 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 $18.23 area but be careful because the stock may face selling pressure at this level.
Shares of Phoenix New Media Limited Ameri (FENG) fell by 1.68% or $-0.16/share to $9.35. In the past year, the shares have traded as low as $7.96 and as high as $13.89. On average, 251660 shares of FENG exchange hands on a given day and today's volume is recorded at 165728. 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 $11.11 area but be careful because the stock may face selling pressure at this level.
Shares of Achillion Pharmaceuticals, Inc. (ACHN) fell by 4.55% or $-0.35/share to $7.35. In the past year, the shares have traded as low as $2.00 and as high as $8.95. On average, 1218340 shares of ACHN exchange hands on a given day and today's volume is recorded at 261233. 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 $6.24 area where the stock will likely see buying pressure.
Shares of Renren Inc. American Depositary (RENN) traded higher by 6.72% or $0.51/share to $8.11. In the past year, the shares have traded as low as $6.13 and as high as $24.00. On average, 11428690 shares of RENN exchange hands on a given day and today's volume is recorded at 6759374. 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 $11.32 area but be careful because the stock may face selling pressure at this level.
