Among the most volatile stocks traded on July 16 were: Lexicon Pharmaceuticals, Inc, Nektar Therapeutics, Gannett Co., Inc, E-House (China) Holdings Limited, and Quantum Corporation. 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 Lexicon Pharmaceuticals, Inc. (LXRX) traded higher by 6.48% or $0.19/share to $3.12. In the past year, the shares have traded as low as $0.81 and as high as $2.94. On average, 1144350 shares of LXRX exchange hands on a given day and today's volume is recorded at 1980187. 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 $1.90 area where the stock will likely see buying pressure.
Shares of Nektar Therapeutics (NKTR) traded higher by 9.07% or $0.77/share to $9.26. In the past year, the shares have traded as low as $4.07 and as high as $8.64. On average, 923430 shares of NKTR exchange hands on a given day and today's volume is recorded at 1582772. 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 $7.45 area where the stock will likely see buying pressure.
Shares of Gannett Co., Inc. (GCI) traded higher by 2.48% or $0.35/share to $14.66. In the past year, the shares have traded as low as $7.99 and as high as $15.78. On average, 3483350 shares of GCI exchange hands on a given day and today's volume is recorded at 6976916. 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 $13.34 area where the stock will likely see buying pressure.
Shares of E-House (China) Holdings Limited (EJ) fell by 10.89% or $-0.54/share to $4.42. In the past year, the shares have traded as low as $3.92 and as high as $8.73. On average, 287060 shares of EJ exchange hands on a given day and today's volume is recorded at 318278. 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 $5.63 area but be careful because the stock may face selling pressure at this level.
Shares of Quantum Corporation (QTM) fell by 6.67% or $-0.09/share to $1.26. In the past year, the shares have traded as low as $1.34 and as high as $3.30. On average, 1410420 shares of QTM exchange hands on a given day and today's volume is recorded at 1773759. 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 $1.97 area but be careful because the stock may face selling pressure at this level.
