Among the most volatile stocks traded on July 14 were: Taomee Holdings Ltd. American D, ResMed Inc, North American Palladium Ltd, Ultratech, Inc, and Blyth, 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 Taomee Holdings Ltd. American D (TAOM) traded higher by 2.52% or $0.32/share to $13.02. In the past year, the shares have traded as low as $7.24 and as high as $13.25. On average, 451730 shares of TAOM exchange hands on a given day and today's volume is recorded at 302962. 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 $10.05 area.
Shares of ResMed Inc. (RMD) traded higher by 4.29% or $1.38/share to $33.53. In the past year, the shares have traded as low as $29.24 and as high as $68.25. On average, 949560 shares of RMD exchange hands on a given day and today's volume is recorded at 3360128. 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 $32.11 area.
Shares of North American Palladium Ltd. (PAL) fell by 2.55% or $-0.12/share to $4.56. In the past year, the shares have traded as low as $2.97 and as high as $7.99. On average, 3120350 shares of PAL exchange hands on a given day and today's volume is recorded at 4326594. 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 $5.60 represents resistance and the 50-day moving average of $4.04 would be an area of support.
Shares of Ultratech, Inc. (UTEK) traded higher by 5.95% or $1.48/share to $26.37. In the past year, the shares have traded as low as $15.21 and as high as $33.85. On average, 390710 shares of UTEK exchange hands on a given day and today's volume is recorded at 566534. 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 $30.27 represents resistance and the 200-day moving average of $24.11 would be an area of support.
Shares of Blyth, Inc. (BTH) traded higher by 7.14% or $3.75/share to $56.25. In the past year, the shares have traded as low as $30.21 and as high as $53.44. On average, 49470 shares of BTH exchange hands on a given day and today's volume is recorded at 45160. 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 $44.57 area where the stock will likely see buying pressure.
