Among the most volatile stocks traded on June 24 were: Lexicon Pharmaceuticals, Inc, Infinity Property and Casualty Corp, ReachLocal, Inc, Sangamo Biosciences Inc, and Quest Rare Minerals Ltd Common . 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 Lexicon Pharmaceuticals, Inc. (LXRX) traded higher by 2.81% or $0.04/share to $1.64. In the past year, the shares have traded as low as $1.17 and as high as $2.29. On average, 936630 shares of LXRX exchange hands on a given day and today's volume is recorded at 335771. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $1.65 represents resistance and the 50-day moving average of $1.59 would be an area of support.
Shares of Infinity Property and Casualty Corp. (IPCC) traded higher by 0.36% or $0.19/share to $52.96. In the past year, the shares have traded as low as $44.47 and as high as $64.19. On average, 46590 shares of IPCC exchange hands on a given day and today's volume is recorded at 10317. 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 $54.58 area but be careful because the stock may face selling pressure at this level.
Shares of ReachLocal, Inc. (RLOC) fell by 0.79% or $-0.15/share to $18.85. In the past year, the shares have traded as low as $12.25 and as high as $28.39. On average, 209970 shares of RLOC exchange hands on a given day and today's volume is recorded at 31393. 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 $19.00 area where the stock may encounter resistance.
Shares of Sangamo Biosciences Inc. (SGMO) fell by 1.39% or $-0.08/share to $5.68. In the past year, the shares have traded as low as $2.81 and as high as $9.15. On average, 488990 shares of SGMO exchange hands on a given day and today's volume is recorded at 32276. 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 $6.12 area where the stock may encounter resistance.
Shares of Quest Rare Minerals Ltd Common (QRM) traded higher by 3.82% or $0.24/share to $6.53. In the past year, the shares have traded as low as $1.65 and as high as $9.30. On average, 227740 shares of QRM exchange hands on a given day and today's volume is recorded at 157111. 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 $7.27 represents resistance and the 200-day moving average of $5.75 would be an area of support.
