Among the most volatile stocks traded on June 18 were: Suntech Power Holdings Co. Ltd, Fusion-io, Inc, Grupo Financiero Galicia S.A, GFI Group Inc, and SunPower Corporation. 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 Suntech Power Holdings Co. Ltd. (STP) traded higher by 6.03% or $0.11/share to $1.95. In the past year, the shares have traded as low as $1.50 and as high as $8.18. On average, 1856040 shares of STP exchange hands on a given day and today's volume is recorded at 1235821. 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 $2.25 area but be careful because the stock may face selling pressure at this level.
Shares of Fusion-io, Inc. (FIO) traded higher by 6.16% or $1.18/share to $20.35. In the past year, the shares have traded as low as $14.90 and as high as $41.74. On average, 3072370 shares of FIO exchange hands on a given day and today's volume is recorded at 808540. 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 $22.63 area but be careful because the stock may face selling pressure at this level.
Shares of Grupo Financiero Galicia S.A. (GGAL) fell by 3.04% or $-0.14/share to $4.46. In the past year, the shares have traded as low as $4.14 and as high as $14.67. On average, 234420 shares of GGAL exchange hands on a given day and today's volume is recorded at 35217. 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 $5.14 area but be careful because the stock may face selling pressure at this level.
Shares of GFI Group Inc. (GFIG) fell by 8.16% or $-0.28/share to $3.15. In the past year, the shares have traded as low as $2.20 and as high as $4.79. On average, 301060 shares of GFIG exchange hands on a given day and today's volume is recorded at 106045. 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 $3.82 represents resistance and the 50-day moving average of $2.99 would be an area of support.
Shares of SunPower Corporation (SPWR) traded higher by 3.51% or $0.17/share to $5.02. In the past year, the shares have traded as low as $4.51 and as high as $23.36. On average, 1194460 shares of SPWR exchange hands on a given day and today's volume is recorded at 619312. 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 $5.37 area but be careful because the stock may face selling pressure at this level.
