Among the most volatile stocks traded on July 12 were: Trina Solar Ltd, Jiayuan.com International Ltd, Wolverine World Wide Inc, Hampton Roads Bankshares Inc, and GT Solar International, 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 Trina Solar Ltd. (TSL) fell by 14.83% or $-2.93/share to $16.83. In the past year, the shares have traded as low as $18.56 and as high as $31.89. On average, 3065280 shares of TSL exchange hands on a given day and today's volume is recorded at 4917141. 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 $22.28 area but be careful because the stock may face selling pressure at this level.
Shares of Jiayuan.com International Ltd. (DATE) traded higher by 2.38% or $0.26/share to $11.2. In the past year, the shares have traded as low as $9.12 and as high as $15.80. On average, 575170 shares of DATE exchange hands on a given day and today's volume is recorded at 73262. 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 $11.66 area but be careful because the stock may face selling pressure at this level.
Shares of Wolverine World Wide Inc. (WWW) fell by 9.17% or $-3.91/share to $38.69. In the past year, the shares have traded as low as $24.69 and as high as $43.35. On average, 353450 shares of WWW exchange hands on a given day and today's volume is recorded at 2174202. 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 $39.15 represents resistance and the 200-day moving average of $34.45 would be an area of support.
Shares of Hampton Roads Bankshares Inc. (HMPR) fell by 8.85% or $-0.80/share to $8.24. In the past year, the shares have traded as low as $9.00 and as high as $34.75. On average, 117060 shares of HMPR exchange hands on a given day and today's volume is recorded at 59045. 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 $16.43 area but be careful because the stock may face selling pressure at this level.
Shares of GT Solar International, Inc. (SOLR) fell by 9.04% or $-1.43/share to $14.39. In the past year, the shares have traded as low as $5.90 and as high as $17.50. On average, 4614220 shares of SOLR exchange hands on a given day and today's volume is recorded at 5472757. 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 $13.05 area where the stock will likely see buying pressure.
