Among the most volatile stocks traded on June 17 were: Hollysys Automation Technologies, Ltd, El Paso Corp, Central Garden & Pet Co, Universal Display Corp, and Moody's Corp. 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 Hollysys Automation Technologies, Ltd (HOLI) fell by 2.01% or $-0.20/share to $9.75. In the past year, the shares have traded as low as $7.59 and as high as $18.15. On average, 679070 shares of HOLI exchange hands on a given day and today's volume is recorded at 113759. 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 $10.75 area but be careful because the stock may face selling pressure at this level.
Shares of El Paso Corp. (EP) traded higher by 1.62% or $0.31/share to $19.43. In the past year, the shares have traded as low as $10.57 and as high as $21.53. On average, 11515700 shares of EP exchange hands on a given day and today's volume is recorded at 3095770. 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 $19.08 area where the stock will likely see buying pressure.
Shares of Central Garden & Pet Co. (CENT) traded higher by 6.59% or $0.61/share to $9.87. In the past year, the shares have traded as low as $8.64 and as high as $11.38. On average, 118130 shares of CENT exchange hands on a given day and today's volume is recorded at 66269. 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 $9.85 area where the stock will likely see buying pressure.
Shares of Universal Display Corp. (PANL) fell by 3.98% or $-1.36/share to $32.79. In the past year, the shares have traded as low as $16.86 and as high as $63.58. On average, 1256310 shares of PANL exchange hands on a given day and today's volume is recorded at 391934. 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 $36.01 area where the stock may encounter resistance.
Shares of Moody's Corp. (MCO) fell by 5.59% or $-2.14/share to $36.13. In the past year, the shares have traded as low as $19.15 and as high as $41.93. On average, 2504470 shares of MCO exchange hands on a given day and today's volume is recorded at 3569705. 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 $37.96 represents resistance and the 200-day moving average of $30.51 would be an area of support.
