Among the most volatile stocks traded on June 17 were: Seabridge Gold, Inc, Pzena Investment Management, Inc, Phoenix New Media Limited Ameri, Himax Technologies, Inc, and Cninsure 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 Seabridge Gold, Inc. (SA) traded higher by 9.6% or $2.41/share to $27.52. In the past year, the shares have traded as low as $24.15 and as high as $36.49. On average, 294950 shares of SA exchange hands on a given day and today's volume is recorded at 346781. 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 $29.95 area where the stock may encounter resistance.
Shares of Pzena Investment Management, Inc (PZN) fell by 6.61% or $-0.37/share to $5.16. In the past year, the shares have traded as low as $5.00 and as high as $8.00. On average, 40550 shares of PZN exchange hands on a given day and today's volume is recorded at 49299. 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 $6.55 area but be careful because the stock may face selling pressure at this level.
Shares of Phoenix New Media Limited Ameri (FENG) fell by 8.47% or $-0.87/share to $9.4. In the past year, the shares have traded as low as $9.89 and as high as $13.89. On average, 245990 shares of FENG exchange hands on a given day and today's volume is recorded at 30019. 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 $11.83 area but be careful because the stock may face selling pressure at this level.
Shares of Himax Technologies, Inc. (HIMX) fell by 3.63% or $-0.07/share to $1.86. In the past year, the shares have traded as low as $1.93 and as high as $2.97. On average, 123350 shares of HIMX exchange hands on a given day and today's volume is recorded at 135511. 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 $2.25 area but be careful because the stock may face selling pressure at this level.
Shares of Cninsure Inc. (CISG) fell by 0.59% or $-0.08/share to $13.47. In the past year, the shares have traded as low as $11.42 and as high as $28.14. On average, 584210 shares of CISG exchange hands on a given day and today's volume is recorded at 244288. 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 $14.82 area but be careful because the stock may face selling pressure at this level.
