Among the most volatile stocks traded on July 12 were: Affymax, Inc, Cadence Pharmaceuticals Inc, Valhi, Inc, MannKind Corp, and Hampton Roads Bankshares 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 Affymax, Inc. (AFFY) traded higher by 19.16% or $2.29/share to $14.24. In the past year, the shares have traded as low as $3.93 and as high as $16.25. On average, 977170 shares of AFFY exchange hands on a given day and today's volume is recorded at 3930063. 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 $13.38 area where the stock will likely see buying pressure.
Shares of Cadence Pharmaceuticals Inc. (CADX) traded higher by 3.03% or $0.13/share to $4.42. In the past year, the shares have traded as low as $2.56 and as high as $9.15. On average, 365090 shares of CADX exchange hands on a given day and today's volume is recorded at 1350706. 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 $4.05 area.
Shares of Valhi, Inc. (VHI) fell by 8.55% or $-1.03/share to $11.02. In the past year, the shares have traded as low as $11.65 and as high as $21.52. On average, 37770 shares of VHI exchange hands on a given day and today's volume is recorded at 81348. 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 $14.43 area but be careful because the stock may face selling pressure at this level.
Shares of MannKind Corp. (MNKD) traded higher by 9.5% or $0.23/share to $2.65. In the past year, the shares have traded as low as $1.57 and as high as $3.95. On average, 2003780 shares of MNKD exchange hands on a given day and today's volume is recorded at 3773412. 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 $2.54 area.
Shares of Hampton Roads Bankshares Inc. (HMPR) traded higher by 2.76% or $0.04/share to $1.49. In the past year, the shares have traded as low as $1.09 and as high as $9.33. On average, 101530 shares of HMPR exchange hands on a given day and today's volume is recorded at 52455. 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 $1.96 area but be careful because the stock may face selling pressure at this level.
