Among the most volatile stocks traded on July 16 were: MBIA Inc, SUPERVALU Inc, Grupo Prisa SA, First Solar, Inc, and Antares Pharma 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 MBIA Inc. (MBI) traded higher by 1.44% or $0.15/share to $10.56. In the past year, the shares have traded as low as $5.99 and as high as $13.50. On average, 2298100 shares of MBI exchange hands on a given day and today's volume is recorded at 4802994. 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 $9.99 area.
Shares of SUPERVALU Inc. (SVU) traded higher by 2.37% or $0.06/share to $2.38. In the past year, the shares have traded as low as $2.32 and as high as $8.95. On average, 8553560 shares of SVU exchange hands on a given day and today's volume is recorded at 14236110. 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 $4.75 area but be careful because the stock may face selling pressure at this level.
Shares of Grupo Prisa SA (PRIS) fell by 9.74% or $-0.19/share to $1.76. In the past year, the shares have traded as low as $1.43 and as high as $9.31. On average, 11190 shares of PRIS exchange hands on a given day and today's volume is recorded at 20803. 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 $2.00 area but be careful because the stock may face selling pressure at this level.
Shares of First Solar, Inc. (FSLR) traded higher by 7.48% or $1.06/share to $15.23. In the past year, the shares have traded as low as $11.43 and as high as $126.18. On average, 6243380 shares of FSLR exchange hands on a given day and today's volume is recorded at 3971941. 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 $32.50 represents resistance and the 50-day moving average of $14.60 would be an area of support.
Shares of Antares Pharma Inc. (ATRS) traded higher by 7.13% or $0.35/share to $5.26. In the past year, the shares have traded as low as $1.51 and as high as $5.25. On average, 1389260 shares of ATRS exchange hands on a given day and today's volume is recorded at 2315333. 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 $3.39 area where the stock will likely see buying pressure.
