Among the most volatile stocks traded on July 6 were: Extorre Gold Mines Ltd. Ordinar, China Ming Yang Wind Power Group Limited, ZAGG Incorporated, Sequans Communications S.A. Ame, and Himax Technologies, 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 Extorre Gold Mines Ltd. Ordinar (XG) traded higher by 5.19% or $0.71/share to $14.36. In the past year, the shares have traded as low as $2.34 and as high as $13.71. On average, 268570 shares of XG exchange hands on a given day and today's volume is recorded at 119698. 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 $10.77 area where the stock will likely see buying pressure.
Shares of China Ming Yang Wind Power Group Limited (MY) fell by 1.27% or $-0.08/share to $6.2. In the past year, the shares have traded as low as $5.10 and as high as $14.70. On average, 433440 shares of MY exchange hands on a given day and today's volume is recorded at 70182. 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 $7.00 area but be careful because the stock may face selling pressure at this level.
Shares of ZAGG Incorporated (ZAGG) fell by 8.23% or $-1.13/share to $12.6. In the past year, the shares have traded as low as $2.56 and as high as $15.85. On average, 1685790 shares of ZAGG exchange hands on a given day and today's volume is recorded at 1973814. 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 $10.78 area where the stock will likely see buying pressure.
Shares of Sequans Communications S.A. Ame (SQNS) traded higher by 8.66% or $1.41/share to $17.7. In the past year, the shares have traded as low as $7.95 and as high as $19.50. On average, 1035349 shares of SQNS exchange hands on a given day and today's volume is recorded at 564118. 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 $12.17 area where the stock will likely see buying pressure.
Shares of Himax Technologies, Inc. (HIMX) fell by 3.28% or $-0.07/share to $2.07. In the past year, the shares have traded as low as $1.71 and as high as $2.97. On average, 146360 shares of HIMX exchange hands on a given day and today's volume is recorded at 130494. 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 $2.19 area but be careful because the stock may face selling pressure at this level.
