Among the most volatile stocks traded on June 20 were: Himax Technologies, Inc, Level 3 Communications Inc, Renren Inc. American Depositary, Universal Display Corp, and Dice Holdings, 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 Himax Technologies, Inc. (HIMX) traded higher by 12.86% or $0.23/share to $1.98. In the past year, the shares have traded as low as $1.71 and as high as $2.98. On average, 129350 shares of HIMX exchange hands on a given day and today's volume is recorded at 56241. 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 $2.24 area but be careful because the stock may face selling pressure at this level.
Shares of Level 3 Communications Inc. (LVLT) traded higher by 0.94% or $0.02/share to $2.14. In the past year, the shares have traded as low as $0.83 and as high as $2.46. On average, 45749490 shares of LVLT exchange hands on a given day and today's volume is recorded at 23995488. 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 $1.89 area where the stock will likely see buying pressure.
Shares of Renren Inc. American Depositary (RENN) traded higher by 6.4% or $0.45/share to $7.48. In the past year, the shares have traded as low as $6.55 and as high as $24.00. On average, 11360480 shares of RENN exchange hands on a given day and today's volume is recorded at 2046193. 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 $12.26 area but be careful because the stock may face selling pressure at this level.
Shares of Universal Display Corp. (PANL) traded higher by 5.07% or $1.61/share to $33.35. In the past year, the shares have traded as low as $16.86 and as high as $63.58. On average, 1268930 shares of PANL exchange hands on a given day and today's volume is recorded at 411909. 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 $36.06 area where the stock may encounter resistance.
Shares of Dice Holdings, Inc. (DHX) fell by 9.3% or $-1.19/share to $11.61. In the past year, the shares have traded as low as $6.12 and as high as $18.75. On average, 584470 shares of DHX exchange hands on a given day and today's volume is recorded at 593652. 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 $12.90 area where the stock may encounter resistance.
