Among the most volatile stocks traded on July 5 were: Satcon Technology Corporation, Fluidigm Corporation, Noah Holdings Limited, Fusion-io Inc, and Gold Resource 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 Satcon Technology Corporation (SATC) fell by 18.5% or $-0.47/share to $2.07. In the past year, the shares have traded as low as $1.90 and as high as $5.51. On average, 2784320 shares of SATC exchange hands on a given day and today's volume is recorded at 2223311. 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 $2.56 area but be careful because the stock may face selling pressure at this level.
Shares of Fluidigm Corporation (FLDM) fell by 0.48% or $-0.08/share to $16.71. In the past year, the shares have traded as low as $13.13 and as high as $18.24. On average, 66710 shares of FLDM exchange hands on a given day and today's volume is recorded at 13730. 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 $15.02 area where the stock will likely see buying pressure.
Shares of Noah Holdings Limited (NOAH) traded higher by 12.74% or $1.59/share to $14.07. In the past year, the shares have traded as low as $9.67 and as high as $20.68. On average, 168830 shares of NOAH exchange hands on a given day and today's volume is recorded at 158621. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $15.64 represents resistance and the 50-day moving average of $13.53 would be an area of support.
Shares of Fusion-io Inc. (FIO) traded higher by 8.56% or $2.67/share to $33.86. In the past year, the shares have traded as low as $19.28 and as high as $36.98. On average, 1805380 shares of FIO exchange hands on a given day and today's volume is recorded at 335351. 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 $26.11 area.
Shares of Gold Resource Corp (GORO) fell by 4.81% or $-1.16/share to $22.94. In the past year, the shares have traded as low as $11.84 and as high as $31.34. On average, 434170 shares of GORO exchange hands on a given day and today's volume is recorded at 1455550. 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 $25.21 area where the stock may encounter resistance.
