Among the most volatile stocks traded on July 4 were: Grupo Aeroportuario del Pacifico S.A.B. de CV, Alexander & Baldwin, Inc, Synta Pharmaceuticals Corp, Approach Resources, Inc, and Lexicon Pharmaceuticals, 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 Grupo Aeroportuario del Pacifico S.A.B. de CV (PAC) traded higher by 2.59% or $1.00/share to $39.64. In the past year, the shares have traded as low as $30.20 and as high as $39.72. On average, 51240 shares of PAC exchange hands on a given day and today's volume is recorded at 17084. 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 $36.04 area where the stock will likely see buying pressure.
Shares of Alexander & Baldwin, Inc. (ALEX) traded higher by 8.74% or $2.21/share to $27.51. In the past year, the shares have traded as low as $23.33 and as high as $53.71. On average, 284930 shares of ALEX exchange hands on a given day and today's volume is recorded at 647552. 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 $44.16 area where the stock may encounter resistance.
Shares of Synta Pharmaceuticals Corp. (SNTA) traded higher by 9.55% or $0.55/share to $6.32. In the past year, the shares have traded as low as $3.02 and as high as $8.50. On average, 747860 shares of SNTA exchange hands on a given day and today's volume is recorded at 1366046. 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 $4.99 area where the stock will likely see buying pressure.
Shares of Approach Resources, Inc. (AREX) traded higher by 10.82% or $2.79/share to $28.58. In the past year, the shares have traded as low as $14.14 and as high as $39.18. On average, 583750 shares of AREX exchange hands on a given day and today's volume is recorded at 565619. 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 $30.07 represents resistance and the 50-day moving average of $28.54 would be an area of support.
Shares of Lexicon Pharmaceuticals, Inc. (LXRX) traded higher by 6.44% or $0.15/share to $2.48. In the past year, the shares have traded as low as $0.81 and as high as $2.36. On average, 915890 shares of LXRX exchange hands on a given day and today's volume is recorded at 1952536. 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 $1.74 area where the stock will likely see buying pressure.
