Among the most volatile stocks traded on June 16 were: Insituform Technologies Inc, InfoSpace Inc, Rubicon Technology, Inc, SciQuest, Inc, and GSI Group 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 Insituform Technologies Inc. (INSU) fell by 9.87% or $-2.12/share to $19.35. In the past year, the shares have traded as low as $18.52 and as high as $30.00. On average, 264550 shares of INSU exchange hands on a given day and today's volume is recorded at 426974. 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 $25.03 area but be careful because the stock may face selling pressure at this level.
Shares of InfoSpace Inc. (INSP) traded higher by 1.26% or $0.11/share to $8.85. In the past year, the shares have traded as low as $6.62 and as high as $9.84. On average, 227700 shares of INSP exchange hands on a given day and today's volume is recorded at 25916. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $8.88 represents resistance and the 200-day moving average of $8.35 would be an area of support.
Shares of Rubicon Technology, Inc. (RBCN) fell by 1.76% or $-0.33/share to $18.47. In the past year, the shares have traded as low as $17.65 and as high as $35.90. On average, 709380 shares of RBCN exchange hands on a given day and today's volume is recorded at 829879. 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 $23.18 area where the stock may encounter resistance.
Shares of SciQuest, Inc. (SQI) traded higher by 4.66% or $0.75/share to $16.84. In the past year, the shares have traded as low as $10.50 and as high as $18.45. On average, 94700 shares of SQI exchange hands on a given day and today's volume is recorded at 10648. 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 $15.30 area where the stock will likely see buying pressure.
Shares of GSI Group Inc. (GSIG) fell by 0.33% or $-0.04/share to $11.91. In the past year, the shares have traded as low as $6.18 and as high as $14.00. On average, 130400 shares of GSIG exchange hands on a given day and today's volume is recorded at 31688. 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 $11.32 area where the stock will likely see buying pressure.
