Among the most volatile stocks traded on July 1 were: Fusion-io Inc, Spreadtrum Communications Inc, Taomee Holdings Ltd. American D, Cardtronics Inc, and Hampton Roads Bankshares 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 Fusion-io Inc. (FIO) traded higher by 7.01% or $2.11/share to $32.2. In the past year, the shares have traded as low as $19.28 and as high as $36.98. On average, 1872330 shares of FIO exchange hands on a given day and today's volume is recorded at 379903. 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 $25.79 area.
Shares of Spreadtrum Communications Inc. (SPRD) traded higher by 6.28% or $0.99/share to $16.75. In the past year, the shares have traded as low as $7.60 and as high as $24.20. On average, 2590410 shares of SPRD exchange hands on a given day and today's volume is recorded at 2282438. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $17.82 area where the stock may encounter resistance.
Shares of Taomee Holdings Ltd. American D (TAOM) traded higher by 7.42% or $0.76/share to $11.0. In the past year, the shares have traded as low as $7.24 and as high as $11.34. On average, 419360 shares of TAOM exchange hands on a given day and today's volume is recorded at 116790. 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 $9.67 area.
Shares of Cardtronics Inc. (CATM) traded higher by 0.55% or $0.13/share to $23.58. In the past year, the shares have traded as low as $11.55 and as high as $23.61. On average, 294590 shares of CATM exchange hands on a given day and today's volume is recorded at 43405. 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 $21.13 area where the stock will likely see buying pressure.
Shares of Hampton Roads Bankshares Inc. (HMPR) fell by 3.99% or $-0.40/share to $9.51. In the past year, the shares have traded as low as $9.81 and as high as $34.77. On average, 107050 shares of HMPR exchange hands on a given day and today's volume is recorded at 54765. 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 $17.09 area but be careful because the stock may face selling pressure at this level.
