Among the most volatile stocks traded on July 19 were: PetroQuest Energy Inc, Zhongpin, Inc, Global Sources Ltd, ZAGG Incorporated, and WebMD Health Corp. 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 PetroQuest Energy Inc. (PQ) traded higher by 14.27% or $1.02/share to $8.17. In the past year, the shares have traded as low as $5.15 and as high as $9.75. On average, 968940 shares of PQ exchange hands on a given day and today's volume is recorded at 1022542. 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 $7.50 area.
Shares of Zhongpin, Inc. (HOGS) fell by 6.63% or $-0.68/share to $9.57. In the past year, the shares have traded as low as $9.03 and as high as $25.00. On average, 872230 shares of HOGS exchange hands on a given day and today's volume is recorded at 688153. 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 $13.02 area but be careful because the stock may face selling pressure at this level.
Shares of Global Sources Ltd. (GSOL) traded higher by 1.89% or $0.18/share to $9.7. In the past year, the shares have traded as low as $6.49 and as high as $12.78. On average, 85990 shares of GSOL exchange hands on a given day and today's volume is recorded at 14958. 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 $9.98 area where the stock may encounter resistance.
Shares of ZAGG Incorporated (ZAGG) fell by 5.39% or $-0.85/share to $14.91. In the past year, the shares have traded as low as $2.56 and as high as $15.96. On average, 2060830 shares of ZAGG exchange hands on a given day and today's volume is recorded at 1724254. 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 $11.67 area where the stock will likely see buying pressure.
Shares of WebMD Health Corp. (WBMD) traded higher by 8.96% or $2.91/share to $35.39. In the past year, the shares have traded as low as $31.66 and as high as $58.55. On average, 972360 shares of WBMD exchange hands on a given day and today's volume is recorded at 3725512. 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 $47.16 area but be careful because the stock may face selling pressure at this level.
