Among the most volatile stocks traded on July 13 were: JinkoSolar Holding Co., Ltd, Globe Specialty Metals, Inc, Vantage Drilling Company, BPZ Resources, Inc, and TeleNav, 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 JinkoSolar Holding Co., Ltd. (JKS) traded higher by 6.97% or $1.59/share to $24.39. In the past year, the shares have traded as low as $12.22 and as high as $41.75. On average, 722930 shares of JKS exchange hands on a given day and today's volume is recorded at 472813. 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 $25.14 area but be careful because the stock may face selling pressure at this level.
Shares of Globe Specialty Metals, Inc. (GSM) traded higher by 7.63% or $1.80/share to $25.4. In the past year, the shares have traded as low as $9.71 and as high as $24.80. On average, 756820 shares of GSM exchange hands on a given day and today's volume is recorded at 643442. 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 $21.65 area where the stock will likely see buying pressure.
Shares of Vantage Drilling Company (VTG) traded higher by 2.35% or $0.04/share to $1.74. In the past year, the shares have traded as low as $0.99 and as high as $2.26. On average, 2194210 shares of VTG exchange hands on a given day and today's volume is recorded at 207719. 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 $1.83 area but be careful because the stock may face selling pressure at this level.
Shares of BPZ Resources, Inc. (BPZ) traded higher by 5.87% or $0.21/share to $3.79. In the past year, the shares have traded as low as $2.91 and as high as $6.83. On average, 2018250 shares of BPZ exchange hands on a given day and today's volume is recorded at 353168. 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 $4.50 represents resistance and the 50-day moving average of $3.75 would be an area of support.
Shares of TeleNav, Inc. (TNAV) traded higher by 7.01% or $1.39/share to $21.22. In the past year, the shares have traded as low as $4.65 and as high as $20.76. On average, 311990 shares of TNAV exchange hands on a given day and today's volume is recorded at 184910. 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 $16.13 area where the stock will likely see buying pressure.
