Among the most volatile stocks traded on July 1 were: ServiceSource International, In, Silicon Motion Technology Corp, SouFun Holdings Ltd, Liquidity Services, Inc, and MAKO Surgical 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 ServiceSource International, In (SREV) fell by 4.23% or $-0.94/share to $21.28. In the past year, the shares have traded as low as $11.29 and as high as $23.60. On average, 405640 shares of SREV exchange hands on a given day and today's volume is recorded at 311649. 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 $17.57 area where the stock will likely see buying pressure.
Shares of Silicon Motion Technology Corp. (SIMO) traded higher by 5.6% or $0.60/share to $11.32. In the past year, the shares have traded as low as $3.83 and as high as $13.44. On average, 533180 shares of SIMO exchange hands on a given day and today's volume is recorded at 177701. 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 $11.32 area where the stock will likely see buying pressure.
Shares of SouFun Holdings Ltd. (SFUN) traded higher by 5.91% or $1.22/share to $21.88. In the past year, the shares have traded as low as $14.96 and as high as $27.57. On average, 344570 shares of SFUN exchange hands on a given day and today's volume is recorded at 94062. 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 $21.07 area where the stock will likely see buying pressure.
Shares of Liquidity Services, Inc. (LQDT) fell by 4.15% or $-0.98/share to $22.63. In the past year, the shares have traded as low as $12.11 and as high as $23.84. On average, 177460 shares of LQDT exchange hands on a given day and today's volume is recorded at 136485. 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 $20.61 area where the stock will likely see buying pressure.
Shares of MAKO Surgical Corp. (MAKO) traded higher by 6.39% or $1.90/share to $31.63. In the past year, the shares have traded as low as $9.28 and as high as $35.90. On average, 905980 shares of MAKO exchange hands on a given day and today's volume is recorded at 376258. 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 $28.69 area where the stock will likely see buying pressure.
