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Friday, July 8, 2011

Up or Down, Volatile: (FIO), (MENT), (TRX), (DMD), (QIHU)

Among the most volatile stocks traded on July 8 were: Fusion-io Inc, Mentor Graphics Corp, Tanzanian Royalty Exploration Corp. , Demand Media, Inc, and Qihoo 360 Technology Co. Ltd. A. 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 Fusion-io Inc. (FIO) traded higher by 1.23% or $0.37/share to $30.66. In the past year, the shares have traded as low as $19.28 and as high as $36.98. On average, 1632470 shares of FIO exchange hands on a given day and today's volume is recorded at 218490. 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 $26.97 area.

Shares of Mentor Graphics Corp. (MENT) fell by 0.77% or $-0.10/share to $12.83. In the past year, the shares have traded as low as $8.68 and as high as $16.56. On average, 1303520 shares of MENT exchange hands on a given day and today's volume is recorded at 117008. 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 $12.95 area where the stock may encounter resistance.

Shares of Tanzanian Royalty Exploration Corp. (TRX) fell by 0.79% or $-0.05/share to $6.3. In the past year, the shares have traded as low as $4.66 and as high as $7.82. On average, 477280 shares of TRX exchange hands on a given day and today's volume is recorded at 132062. 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 $6.76 area but be careful because the stock may face selling pressure at this level.

Shares of Demand Media, Inc. (DMD) traded higher by 1.16% or $0.15/share to $13.07. In the past year, the shares have traded as low as $12.56 and as high as $27.38. On average, 435390 shares of DMD exchange hands on a given day and today's volume is recorded at 114061. 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 $14.45 area but be careful because the stock may face selling pressure at this level.

Shares of Qihoo 360 Technology Co. Ltd. A (QIHU) fell by 0.8% or $-0.18/share to $22.29. In the past year, the shares have traded as low as $16.01 and as high as $36.21. On average, 2059929 shares of QIHU exchange hands on a given day and today's volume is recorded at 290585. 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 $23.83 area but be careful because the stock may face selling pressure at this level.