Among the most volatile stocks traded on July 3 were: AK Steel Holding Corporation, Nationstar Mortgage Holdings Inc, Consolidated Communications Holdings Inc, Green Mountain Coffee Roasters Inc, and YM BioSciences 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 AK Steel Holding Corporation (AKS) traded higher by 6.39% or $0.37/share to $6.16. In the past year, the shares have traded as low as $4.59 and as high as $16.34. On average, 7609600 shares of AKS exchange hands on a given day and today's volume is recorded at 2035333. 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 $6.22 area but be careful because the stock may face selling pressure at this level.
Shares of Nationstar Mortgage Holdings Inc. (NSM) traded higher by 4.86% or $1.09/share to $23.49. In the past year, the shares have traded as low as $13.00 and as high as $22.58. On average, 628850 shares of NSM exchange hands on a given day and today's volume is recorded at 265694. 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 $17.52 area where the stock will likely see buying pressure.
Shares of Consolidated Communications Holdings Inc. (CNSL) traded higher by 2.84% or $0.44/share to $15.76. In the past year, the shares have traded as low as $13.66 and as high as $19.75. On average, 294990 shares of CNSL exchange hands on a given day and today's volume is recorded at 311956. 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 $16.05 area but be careful because the stock may face selling pressure at this level.
Shares of Green Mountain Coffee Roasters Inc. (GMCR) traded higher by 4.72% or $1.01/share to $22.41. In the past year, the shares have traded as low as $19.45 and as high as $115.99. On average, 7350360 shares of GMCR exchange hands on a given day and today's volume is recorded at 1209876. 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 $26.64 area but be careful because the stock may face selling pressure at this level.
Shares of YM BioSciences Inc. (YMI) traded higher by 5.94% or $0.12/share to $2.14. In the past year, the shares have traded as low as $1.03 and as high as $3.02. On average, 793790 shares of YMI exchange hands on a given day and today's volume is recorded at 491806. 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 $1.92 area where the stock will likely see buying pressure.
