Among the most volatile stocks traded on June 20 were: Charming Shoppes Inc, Codexis, Inc, MDC Partners Inc, Perfect World Co., Ltd, and A123 Systems, 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 Charming Shoppes Inc. (CHRS) traded higher by 6.05% or $0.23/share to $4.03. In the past year, the shares have traded as low as $2.84 and as high as $4.93. On average, 1331830 shares of CHRS exchange hands on a given day and today's volume is recorded at 332807. 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 $4.25 represents resistance and the 200-day moving average of $3.68 would be an area of support.
Shares of Codexis, Inc. (CDXS) fell by 9.73% or $-1.02/share to $9.46. In the past year, the shares have traded as low as $6.88 and as high as $12.24. On average, 152660 shares of CDXS exchange hands on a given day and today's volume is recorded at 112392. 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 $10.20 area where the stock may encounter resistance.
Shares of MDC Partners Inc. (MDCA) fell by 3.51% or $-0.61/share to $16.78. In the past year, the shares have traded as low as $9.72 and as high as $20.11. On average, 91900 shares of MDCA exchange hands on a given day and today's volume is recorded at 23858. 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 $17.01 represents resistance and the 200-day moving average of $15.70 would be an area of support.
Shares of Perfect World Co., Ltd. (PWRD) traded higher by 5.98% or $1.04/share to $18.42. In the past year, the shares have traded as low as $17.35 and as high as $34.40. On average, 607550 shares of PWRD exchange hands on a given day and today's volume is recorded at 369808. 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 $24.09 area but be careful because the stock may face selling pressure at this level.
Shares of A123 Systems, Inc. (AONE) fell by 3.09% or $-0.15/share to $4.7. In the past year, the shares have traded as low as $4.49 and as high as $11.53. On average, 3867540 shares of AONE exchange hands on a given day and today's volume is recorded at 476239. 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 $5.65 area but be careful because the stock may face selling pressure at this level.
