Among the most volatile stocks traded on June 24 were: Pain Therapeutics Inc, STR Holdings, Inc, SuccessFactors, Inc, Gold Resource Corp, and Homex Development 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 Pain Therapeutics Inc. (PTIE) fell by 42.42% or $-3.92/share to $5.32. In the past year, the shares have traded as low as $3.98 and as high as $10.45. On average, 481000 shares of PTIE exchange hands on a given day and today's volume is recorded at 5262194. 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 $7.18 area where the stock may encounter resistance.
Shares of STR Holdings, Inc. (STRI) fell by 17.31% or $-2.89/share to $13.82. In the past year, the shares have traded as low as $14.42 and as high as $28.15. On average, 407310 shares of STRI exchange hands on a given day and today's volume is recorded at 930423. 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 $15.85 area but be careful because the stock may face selling pressure at this level.
Shares of SuccessFactors, Inc. (SFSF) fell by 9.26% or $-3.00/share to $29.4. In the past year, the shares have traded as low as $19.12 and as high as $40.44. On average, 1275340 shares of SFSF exchange hands on a given day and today's volume is recorded at 2827188. 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 $31.51 area where the stock may encounter resistance.
Shares of Gold Resource Corp (GORO) fell by 7.84% or $-2.06/share to $24.22. In the past year, the shares have traded as low as $11.28 and as high as $31.34. On average, 368400 shares of GORO exchange hands on a given day and today's volume is recorded at 156396. 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 $25.00 area where the stock may encounter resistance.
Shares of Homex Development Corp. (HXM) traded higher by 1.1% or $0.25/share to $23.04. In the past year, the shares have traded as low as $21.45 and as high as $35.89. On average, 197070 shares of HXM exchange hands on a given day and today's volume is recorded at 166380. 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 $24.68 area but be careful because the stock may face selling pressure at this level.
