Among the most volatile stocks traded on June 20 were: Gold Resource Corp, Clearwire Corporation, Chelsea Therapeutics International Ltd, Spreadtrum Communications Inc, and Phoenix New Media Limited Ameri. 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 Gold Resource Corp (GORO) traded higher by 12.13% or $2.68/share to $24.78. In the past year, the shares have traded as low as $11.01 and as high as $31.34. On average, 345610 shares of GORO exchange hands on a given day and today's volume is recorded at 123398. 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 $24.79 area where the stock may encounter resistance.
Shares of Clearwire Corporation (CLWR) traded higher by 1.39% or $0.05/share to $3.65. In the past year, the shares have traded as low as $3.42 and as high as $8.82. On average, 5080990 shares of CLWR exchange hands on a given day and today's volume is recorded at 3978536. 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 $4.75 area but be careful because the stock may face selling pressure at this level.
Shares of Chelsea Therapeutics International Ltd. (CHTP) traded higher by 8.62% or $0.43/share to $5.42. In the past year, the shares have traded as low as $2.73 and as high as $8.20. On average, 586030 shares of CHTP exchange hands on a given day and today's volume is recorded at 966158. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $5.01 area.
Shares of Spreadtrum Communications Inc. (SPRD) fell by 9.32% or $-1.30/share to $12.65. In the past year, the shares have traded as low as $7.60 and as high as $24.20. On average, 1450480 shares of SPRD exchange hands on a given day and today's volume is recorded at 1835732. 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 $17.75 area where the stock may encounter resistance.
Shares of Phoenix New Media Limited Ameri (FENG) fell by 8.35% or $-0.83/share to $9.11. In the past year, the shares have traded as low as $9.33 and as high as $13.89. On average, 241130 shares of FENG exchange hands on a given day and today's volume is recorded at 70680. 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 $11.75 area but be careful because the stock may face selling pressure at this level.
