Among the most volatile stocks traded on June 12 were: Zynga, Inc, Genpact Ltd, Harman International Industries Inc, Grupo Financiero Galicia S.A, and ZaZa Energy 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 Zynga, Inc. (ZNGA) fell by 10.61% or $-0.59/share to $4.96. In the past year, the shares have traded as low as $5.51 and as high as $15.91. On average, 18766500 shares of ZNGA exchange hands on a given day and today's volume is recorded at 22139548. 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 $8.65 area but be careful because the stock may face selling pressure at this level.
Shares of Genpact Ltd. (G) fell by 1.44% or $-0.22/share to $15.02. In the past year, the shares have traded as low as $13.37 and as high as $18.16. On average, 658040 shares of G exchange hands on a given day and today's volume is recorded at 92103. 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 $15.61 area where the stock may encounter resistance.
Shares of Harman International Industries Inc. (HAR) fell by 7.45% or $-2.83/share to $35.17. In the past year, the shares have traded as low as $25.40 and as high as $52.67. On average, 812240 shares of HAR exchange hands on a given day and today's volume is recorded at 2117758. 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 $41.22 area where the stock may encounter resistance.
Shares of Grupo Financiero Galicia S.A. (GGAL) traded higher by 1.9% or $0.08/share to $4.29. In the past year, the shares have traded as low as $4.20 and as high as $14.67. On average, 239090 shares of GGAL exchange hands on a given day and today's volume is recorded at 35932. 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 $5.27 area but be careful because the stock may face selling pressure at this level.
Shares of ZaZa Energy Corporation (ZAZA) fell by 5.81% or $-0.23/share to $3.73. In the past year, the shares have traded as low as $2.62 and as high as $5.49. On average, 257380 shares of ZAZA exchange hands on a given day and today's volume is recorded at 187967. 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 $3.90 area where the stock may encounter resistance.
