Among the most volatile stocks traded on July 5 were: Phoenix New Media Limited Ameri, Abraxas Petroleum Corp, Rite Aid Corp, Quest Rare Minerals Ltd Common , and ServiceSource International, In. 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 Phoenix New Media Limited Ameri (FENG) traded higher by 9.83% or $0.94/share to $10.5. In the past year, the shares have traded as low as $7.96 and as high as $13.89. On average, 261810 shares of FENG exchange hands on a given day and today's volume is recorded at 94518. 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 $10.94 area but be careful because the stock may face selling pressure at this level.
Shares of Abraxas Petroleum Corp. (AXAS) traded higher by 8.49% or $0.32/share to $4.09. In the past year, the shares have traded as low as $2.30 and as high as $6.16. On average, 1967170 shares of AXAS exchange hands on a given day and today's volume is recorded at 1124411. 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 $4.19 represents resistance and the 50-day moving average of $3.98 would be an area of support.
Shares of Rite Aid Corp. (RAD) fell by 5.6% or $-0.07/share to $1.26. In the past year, the shares have traded as low as $0.86 and as high as $1.46. On average, 9165310 shares of RAD exchange hands on a given day and today's volume is recorded at 3518290. 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 $1.13 area where the stock will likely see buying pressure.
Shares of Quest Rare Minerals Ltd Common (QRM) fell by 7.26% or $-0.49/share to $6.26. In the past year, the shares have traded as low as $1.65 and as high as $9.30. On average, 264290 shares of QRM exchange hands on a given day and today's volume is recorded at 265424. 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 $7.10 represents resistance and the 200-day moving average of $5.84 would be an area of support.
Shares of ServiceSource International, In (SREV) traded higher by 2.47% or $0.53/share to $21.95. In the past year, the shares have traded as low as $11.29 and as high as $23.60. On average, 404660 shares of SREV exchange hands on a given day and today's volume is recorded at 102633. 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 $17.77 area where the stock will likely see buying pressure.
