Among the most volatile stocks traded on June 12 were: HomeAway, Inc, MEMC Electronic Materials Inc, ChipMOS TECHNOLOGIES (Bermuda) LTD, Shanda Games Limited, and Gafisa S.A. 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 HomeAway, Inc. (AWAY) fell by 5.76% or $-1.25/share to $20.45. In the past year, the shares have traded as low as $19.77 and as high as $45.75. On average, 411980 shares of AWAY exchange hands on a given day and today's volume is recorded at 703099. 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 $24.35 area but be careful because the stock may face selling pressure at this level.
Shares of MEMC Electronic Materials Inc. (WFR) traded higher by 2.92% or $0.05/share to $1.76. In the past year, the shares have traded as low as $1.44 and as high as $9.13. On average, 7182600 shares of WFR exchange hands on a given day and today's volume is recorded at 912843. 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 $2.76 area but be careful because the stock may face selling pressure at this level.
Shares of ChipMOS TECHNOLOGIES (Bermuda) LTD. (IMOS) fell by 1.43% or $-0.15/share to $10.35. In the past year, the shares have traded as low as $4.39 and as high as $19.37. On average, 355790 shares of IMOS exchange hands on a given day and today's volume is recorded at 55257. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $13.31 represents resistance and the 200-day moving average of $9.02 would be an area of support.
Shares of Shanda Games Limited (GAME) traded higher by 0.99% or $0.04/share to $4.09. In the past year, the shares have traded as low as $3.46 and as high as $6.93. On average, 349920 shares of GAME exchange hands on a given day and today's volume is recorded at 264271. 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 $4.61 area where the stock may encounter resistance.
Shares of Gafisa S.A. (GFA) fell by 3.85% or $-0.10/share to $2.5. In the past year, the shares have traded as low as $2.05 and as high as $10.52. On average, 2932130 shares of GFA exchange hands on a given day and today's volume is recorded at 1670948. 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 $3.54 area but be careful because the stock may face selling pressure at this level.
