Among the most volatile stocks traded on July 12 were: SUPERVALU Inc, McEwen Mining Inc, China Lodging Group, Limited, Cheniere Energy, Inc, and Texas Industries 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 SUPERVALU Inc. (SVU) fell by 49.15% or $-2.60/share to $2.69. In the past year, the shares have traded as low as $4.05 and as high as $8.93. On average, 7044720 shares of SVU exchange hands on a given day and today's volume is recorded at 71897792. 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 $4.86 area but be careful because the stock may face selling pressure at this level.
Shares of McEwen Mining Inc. (MUX) traded higher by 6.29% or $0.18/share to $3.04. In the past year, the shares have traded as low as $1.96 and as high as $7.18. On average, 2829580 shares of MUX exchange hands on a given day and today's volume is recorded at 2935361. 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 $3.95 represents resistance and the 50-day moving average of $2.83 would be an area of support.
Shares of China Lodging Group, Limited (HTHT) fell by 7.75% or $-0.96/share to $11.43. In the past year, the shares have traded as low as $10.73 and as high as $18.95. On average, 106920 shares of HTHT exchange hands on a given day and today's volume is recorded at 141070. 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 $11.85 area but be careful because the stock may face selling pressure at this level.
Shares of Cheniere Energy, Inc. (LNG) traded higher by 10.1% or $1.43/share to $15.59. In the past year, the shares have traded as low as $3.17 and as high as $18.92. On average, 6144640 shares of LNG exchange hands on a given day and today's volume is recorded at 15492153. 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 $14.50 area where the stock will likely see buying pressure.
Shares of Texas Industries Inc. (TXI) traded higher by 14.06% or $5.35/share to $43.4. In the past year, the shares have traded as low as $21.89 and as high as $42.11. On average, 259450 shares of TXI exchange hands on a given day and today's volume is recorded at 1499707. 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 $34.40 area where the stock will likely see buying pressure.
