Among the most volatile stocks traded on June 29 were: Companhia Brasileira de Distribuicao, Fusion-io Inc, SIGA Technologies, Inc, Homex Development Corp, and Education Management 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 Companhia Brasileira de Distribuicao (CBD) traded higher by 6.54% or $3.14/share to $51.14. In the past year, the shares have traded as low as $31.23 and as high as $48.50. On average, 841960 shares of CBD exchange hands on a given day and today's volume is recorded at 6772538. 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 $42.96 area where the stock will likely see buying pressure.
Shares of Fusion-io Inc. (FIO) fell by 2.86% or $-0.94/share to $31.87. In the past year, the shares have traded as low as $19.28 and as high as $36.98. On average, 2047750 shares of FIO exchange hands on a given day and today's volume is recorded at 344008. 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 $25.19 area.
Shares of SIGA Technologies, Inc. (SIGA) fell by 3.8% or $-0.41/share to $10.39. In the past year, the shares have traded as low as $6.99 and as high as $15.66. On average, 577130 shares of SIGA exchange hands on a given day and today's volume is recorded at 668136. 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 $12.41 area where the stock may encounter resistance.
Shares of Homex Development Corp. (HXM) traded higher by 2.87% or $0.70/share to $25.07. In the past year, the shares have traded as low as $21.45 and as high as $35.89. On average, 199940 shares of HXM exchange hands on a given day and today's volume is recorded at 108497. 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 $29.70 represents resistance and the 50-day moving average of $24.43 would be an area of support.
Shares of Education Management Corporation (EDMC) fell by 0.12% or $-0.03/share to $24.08. In the past year, the shares have traded as low as $7.76 and as high as $27.59. On average, 274000 shares of EDMC exchange hands on a given day and today's volume is recorded at 26882. 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 $21.69 area where the stock will likely see buying pressure.
