Among the most volatile stocks traded on July 8 were: Aeroflex Holding Corp, Sky-mobi Limited, 21Vianet Group Inc, Youku.com Inc, and Le Gaga Holdings Ltd. 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 Aeroflex Holding Corp. (ARX) fell by 17.44% or $-3.26/share to $15.43. In the past year, the shares have traded as low as $12.60 and as high as $20.36. On average, 162750 shares of ARX exchange hands on a given day and today's volume is recorded at 971762. 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 $17.43 area where the stock may encounter resistance.
Shares of Sky-mobi Limited (MOBI) fell by 3.79% or $-0.40/share to $10.15. In the past year, the shares have traded as low as $4.98 and as high as $23.25. On average, 1492270 shares of MOBI exchange hands on a given day and today's volume is recorded at 729509. 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 $9.85 area where the stock will likely see buying pressure.
Shares of 21Vianet Group Inc. (VNET) traded higher by 3.36% or $0.48/share to $14.75. In the past year, the shares have traded as low as $9.65 and as high as $22.33. On average, 993800 shares of VNET exchange hands on a given day and today's volume is recorded at 92079. 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 $13.18 area.
Shares of Youku.com Inc (YOKU) traded higher by 4.34% or $1.60/share to $38.45. In the past year, the shares have traded as low as $25.57 and as high as $69.95. On average, 4180649 shares of YOKU exchange hands on a given day and today's volume is recorded at 4377684. 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 $41.15 area where the stock may encounter resistance.
Shares of Le Gaga Holdings Ltd (GAGA) fell by 4.26% or $-0.30/share to $6.75. In the past year, the shares have traded as low as $5.38 and as high as $11.39. On average, 36520 shares of GAGA exchange hands on a given day and today's volume is recorded at 14413. 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 $7.73 area but be careful because the stock may face selling pressure at this level.
