Among the most volatile stocks traded on July 12 were: Pharmacyclics Inc, Doral Financial Corp, United Community Banks, Inc, Hanwha SolarOne, Ltd, and Freescale Semiconductor 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 Pharmacyclics Inc. (PCYC) traded higher by 6.9% or $0.77/share to $11.93. In the past year, the shares have traded as low as $4.75 and as high as $11.60. On average, 628370 shares of PCYC exchange hands on a given day and today's volume is recorded at 336901. 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 $8.06 area where the stock will likely see buying pressure.
Shares of Doral Financial Corp. (DRL) fell by 2.46% or $-0.06/share to $2.38. In the past year, the shares have traded as low as $1.03 and as high as $2.94. On average, 1615280 shares of DRL exchange hands on a given day and today's volume is recorded at 586470. 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 $1.87 area where the stock will likely see buying pressure.
Shares of United Community Banks, Inc. (UCBID) traded higher by 1.24% or $0.13/share to $10.64. In the past year, the shares have traded as low as $5.50 and as high as $20.50. On average, 129400 shares of UCBID exchange hands on a given day and today's volume is recorded at 23333. 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 $10.75 represents resistance and the 200-day moving average of $9.98 would be an area of support.
Shares of Hanwha SolarOne, Ltd. (HSOL) fell by 8.76% or $-0.50/share to $5.21. In the past year, the shares have traded as low as $4.83 and as high as $13.48. On average, 1180940 shares of HSOL exchange hands on a given day and today's volume is recorded at 688042. 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 $5.86 area but be careful because the stock may face selling pressure at this level.
Shares of Freescale Semiconductor Inc. (FSL) fell by 6.78% or $-1.25/share to $17.18. In the past year, the shares have traded as low as $14.29 and as high as $20.97. On average, 2171710 shares of FSL exchange hands on a given day and today's volume is recorded at 1661452. 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 $17.61 area but be careful because the stock may face selling pressure at this level.
