Among the most volatile stocks traded on July 19 were: Sify Technologies Limited, Midway Gold Corp, FX Energy Inc, Abraxas Petroleum Corp, and Amkor Technology, 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 Sify Technologies Limited (SIFY) fell by 2.86% or $-0.18/share to $6.1. In the past year, the shares have traded as low as $1.19 and as high as $8.54. On average, 2881680 shares of SIFY exchange hands on a given day and today's volume is recorded at 1052647. 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 $4.96 area where the stock will likely see buying pressure.
Shares of Midway Gold Corp. (MDW) fell by 6.93% or $-0.19/share to $2.55. In the past year, the shares have traded as low as $0.39 and as high as $2.89. On average, 966770 shares of MDW exchange hands on a given day and today's volume is recorded at 555522. 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 $1.87 area where the stock will likely see buying pressure.
Shares of FX Energy Inc. (FXEN) traded higher by 5.5% or $0.52/share to $9.97. In the past year, the shares have traded as low as $2.89 and as high as $12.20. On average, 409670 shares of FXEN exchange hands on a given day and today's volume is recorded at 292365. 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 $8.24 area where the stock will likely see buying pressure.
Shares of Abraxas Petroleum Corp. (AXAS) traded higher by 8.51% or $0.37/share to $4.72. In the past year, the shares have traded as low as $2.30 and as high as $6.16. On average, 2162840 shares of AXAS exchange hands on a given day and today's volume is recorded at 1186112. 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 $4.26 area.
Shares of Amkor Technology, Inc. (AMKR) traded higher by 2.05% or $0.11/share to $5.47. In the past year, the shares have traded as low as $5.05 and as high as $8.49. On average, 1699960 shares of AMKR exchange hands on a given day and today's volume is recorded at 406017. 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 $6.16 area but be careful because the stock may face selling pressure at this level.
