Among the most volatile stocks traded on July 19 were: Taomee Holdings Ltd. American D, Eastman Kodak Co, Rigel Pharmaceuticals, Inc, Isoftstone Holdings Limited, 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 Taomee Holdings Ltd. American D (TAOM) fell by 5.9% or $-0.95/share to $15.14. In the past year, the shares have traded as low as $7.24 and as high as $16.09. On average, 467100 shares of TAOM exchange hands on a given day and today's volume is recorded at 1240354. 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 $10.49 area.
Shares of Eastman Kodak Co. (EK) fell by 3.57% or $-0.09/share to $2.43. In the past year, the shares have traded as low as $2.50 and as high as $5.95. On average, 11052030 shares of EK exchange hands on a given day and today's volume is recorded at 11394057. 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 $3.20 area but be careful because the stock may face selling pressure at this level.
Shares of Rigel Pharmaceuticals, Inc. (RIGL) fell by 3.28% or $-0.32/share to $9.43. In the past year, the shares have traded as low as $6.42 and as high as $10.21. On average, 481210 shares of RIGL exchange hands on a given day and today's volume is recorded at 579982. 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 $8.59 area where the stock will likely see buying pressure.
Shares of Isoftstone Holdings Limited (ISS) fell by 5.84% or $-0.82/share to $13.23. In the past year, the shares have traded as low as $9.80 and as high as $22.63. On average, 336510 shares of ISS exchange hands on a given day and today's volume is recorded at 167368. 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 $14.98 area but be careful because the stock may face selling pressure at this level.
Shares of Rediff.com India Ltd. (REDF) fell by 3.87% or $-0.54/share to $13.4. In the past year, the shares have traded as low as $1.69 and as high as $17.98. On average, 1998830 shares of REDF exchange hands on a given day and today's volume is recorded at 874391. 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 $10.31 area where the stock will likely see buying pressure.
