Among the most volatile stocks traded on June 16 were: Chelsea Therapeutics International Ltd, INTL FCStone Inc, PAETEC Holding Corp, Harbin Electric, Inc, and Spreadtrum Communications 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 Chelsea Therapeutics International Ltd. (CHTP) traded higher by 7.82% or $0.38/share to $5.24. In the past year, the shares have traded as low as $2.73 and as high as $8.20. On average, 569760 shares of CHTP exchange hands on a given day and today's volume is recorded at 530639. 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 $5.00 area.
Shares of INTL FCStone Inc. (INTL) fell by 6.47% or $-1.59/share to $23.04. In the past year, the shares have traded as low as $15.54 and as high as $27.25. On average, 45750 shares of INTL exchange hands on a given day and today's volume is recorded at 100698. 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 $23.33 area where the stock may encounter resistance.
Shares of PAETEC Holding Corp. (PAET) traded higher by 4.27% or $0.19/share to $4.64. In the past year, the shares have traded as low as $3.00 and as high as $4.95. On average, 1037619 shares of PAET exchange hands on a given day and today's volume is recorded at 229395. 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 $3.94 area.
Shares of Harbin Electric, Inc. (HRBN) fell by 3.22% or $-0.46/share to $13.84. In the past year, the shares have traded as low as $13.34 and as high as $25.05. On average, 937020 shares of HRBN exchange hands on a given day and today's volume is recorded at 803107. 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 $17.73 area but be careful because the stock may face selling pressure at this level.
Shares of Spreadtrum Communications Inc. (SPRD) traded higher by 6.31% or $0.85/share to $14.33. In the past year, the shares have traded as low as $7.60 and as high as $24.20. On average, 1387430 shares of SPRD exchange hands on a given day and today's volume is recorded at 635234. 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 $17.73 area where the stock may encounter resistance.
