Among the most volatile stocks traded on June 13 were: Quanex Building Products Corporation, Mag Silver Corp, Harvest Natural Resources Inc, Capital Bank Corporation, 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 Quanex Building Products Corporation (NX) fell by 10.11% or $-1.83/share to $16.27. In the past year, the shares have traded as low as $14.40 and as high as $21.62. On average, 238210 shares of NX exchange hands on a given day and today's volume is recorded at 577719. 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 $18.71 area where the stock may encounter resistance.
Shares of Mag Silver Corp. (MVG) traded higher by 14.1% or $1.19/share to $9.63. In the past year, the shares have traded as low as $5.66 and as high as $14.78. On average, 215180 shares of MVG exchange hands on a given day and today's volume is recorded at 217242. 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 $10.28 area where the stock may encounter resistance.
Shares of Harvest Natural Resources Inc. (HNR) traded higher by 21.31% or $2.24/share to $12.75. In the past year, the shares have traded as low as $6.45 and as high as $17.46. On average, 539950 shares of HNR exchange hands on a given day and today's volume is recorded at 1190522. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $12.87 represents resistance and the 200-day moving average of $12.23 would be an area of support.
Shares of Capital Bank Corporation (CBKN) traded higher by 5.4% or $0.19/share to $3.71. In the past year, the shares have traded as low as $1.50 and as high as $4.60. On average, 25770 shares of CBKN exchange hands on a given day and today's volume is recorded at 15792. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $3.99 represents resistance and the 200-day moving average of $2.94 would be an area of support.
Shares of Renren Inc. American Depositary (RENN) fell by 8.88% or $-0.83/share to $8.52. In the past year, the shares have traded as low as $8.80 and as high as $24.00. On average, 11695260 shares of RENN exchange hands on a given day and today's volume is recorded at 3687493. 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 $13.14 area but be careful because the stock may face selling pressure at this level.
