Among the most volatile stocks traded on July 15 were: Extorre Gold Mines Ltd. Ordinar, PetroQuest Energy Inc, Harvest Natural Resources Inc, Sequans Communications S.A. Ame, and Vaalco Energy 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 Extorre Gold Mines Ltd. Ordinar (XG) fell by 5.97% or $-0.78/share to $12.22. In the past year, the shares have traded as low as $2.37 and as high as $15.42. On average, 290600 shares of XG exchange hands on a given day and today's volume is recorded at 402106. 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 $11.46 area where the stock will likely see buying pressure.
Shares of PetroQuest Energy Inc. (PQ) traded higher by 7.65% or $0.51/share to $7.18. In the past year, the shares have traded as low as $5.15 and as high as $9.75. On average, 950040 shares of PQ exchange hands on a given day and today's volume is recorded at 589377. 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 $7.20 area but be careful because the stock may face selling pressure at this level.
Shares of Harvest Natural Resources Inc. (HNR) traded higher by 3.11% or $0.36/share to $11.93. In the past year, the shares have traded as low as $6.45 and as high as $17.46. On average, 629770 shares of HNR exchange hands on a given day and today's volume is recorded at 263749. 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 $12.70 represents resistance and the 50-day moving average of $11.54 would be an area of support.
Shares of Sequans Communications S.A. Ame (SQNS) traded higher by 0.55% or $0.08/share to $14.65. In the past year, the shares have traded as low as $7.95 and as high as $19.50. On average, 1010150 shares of SQNS exchange hands on a given day and today's volume is recorded at 139339. 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 $13.11 area where the stock will likely see buying pressure.
Shares of Vaalco Energy Inc. (EGY) traded higher by 4.74% or $0.30/share to $6.63. In the past year, the shares have traded as low as $5.07 and as high as $8.40. On average, 572290 shares of EGY exchange hands on a given day and today's volume is recorded at 254085. 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 $6.90 represents resistance and the 50-day moving average of $6.37 would be an area of support.
