Among the most volatile stocks traded on July 6 were: Renren Inc. American Depositary, Kinetic Concepts Inc, Pilgrim's Pride Corporation, Zhongpin, Inc, and Rediff.com India 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 Renren Inc. American Depositary (RENN) traded higher by 7.44% or $0.74/share to $10.68. In the past year, the shares have traded as low as $6.13 and as high as $24.00. On average, 11516800 shares of RENN exchange hands on a given day and today's volume is recorded at 4102764. 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 $11.11 area but be careful because the stock may face selling pressure at this level.
Shares of Kinetic Concepts Inc. (KCI) traded higher by 9.88% or $5.81/share to $64.58. In the past year, the shares have traded as low as $31.84 and as high as $59.71. On average, 643900 shares of KCI exchange hands on a given day and today's volume is recorded at 2773750. 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 $57.57 area where the stock will likely see buying pressure.
Shares of Pilgrim's Pride Corporation (PPC) fell by 4.24% or $-0.21/share to $4.74. In the past year, the shares have traded as low as $3.96 and as high as $8.61. On average, 1010450 shares of PPC exchange hands on a given day and today's volume is recorded at 350879. 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 $5.18 area but be careful because the stock may face selling pressure at this level.
Shares of Zhongpin, Inc. (HOGS) fell by 0.99% or $-0.11/share to $10.98. In the past year, the shares have traded as low as $9.03 and as high as $25.00. On average, 816460 shares of HOGS exchange hands on a given day and today's volume is recorded at 440278. 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 $14.01 area but be careful because the stock may face selling pressure at this level.
Shares of Rediff.com India Ltd. (REDF) traded higher by 8.54% or $0.96/share to $12.2. In the past year, the shares have traded as low as $1.69 and as high as $17.98. On average, 1988900 shares of REDF exchange hands on a given day and today's volume is recorded at 1144986. 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 $10.69 area where the stock will likely see buying pressure.
