Among the most volatile stocks traded on June 6 were: PROS Holdings, Inc, Neoprobe Corp, Oxigene Inc, YM BioSciences Inc, and QIHOO 360 TECHNOLOGY CO. LTD. 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 PROS Holdings, Inc. (PRO) fell by 0.51% or $-0.08/share to $15.53. In the past year, the shares have traded as low as $6.42 and as high as $19.73. On average, 108890 shares of PRO exchange hands on a given day and today's volume is recorded at 69868. 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 $11.84 area.
Shares of Neoprobe Corp. (NEOP) fell by 8.87% or $-0.42/share to $4.36. In the past year, the shares have traded as low as $1.50 and as high as $5.47. On average, 1077460 shares of NEOP exchange hands on a given day and today's volume is recorded at 1019321. 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 $2.89 area.
Shares of Oxigene Inc. (OXGN) traded higher by 11.48% or $0.49/share to $4.76. In the past year, the shares have traded as low as $1.52 and as high as $16.80. On average, 1720690 shares of OXGN exchange hands on a given day and today's volume is recorded at 2903342. 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 $2.82 area where the stock will likely see buying pressure.
Shares of YM BioSciences Inc. (YMI) fell by 11.72% or $-0.43/share to $3.24. In the past year, the shares have traded as low as $1.06 and as high as $3.78. On average, 1106460 shares of YMI exchange hands on a given day and today's volume is recorded at 1280027. 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 $2.31 area.
Shares of QIHOO 360 TECHNOLOGY CO. LTD. (QIHU) fell by 10.03% or $-2.38/share to $21.35. In the past year, the shares have traded as low as $23.70 and as high as $36.21. On average, 3086600 shares of QIHU exchange hands on a given day and today's volume is recorded at 1252169. 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 $28.05 area but be careful because the stock may face selling pressure at this level.
