Among the most volatile stocks traded on June 24 were: Boingo Wireless, Inc, ServiceSource International, In, Allied Irish Banks plc, Cadence Pharmaceuticals Inc, and Micron Technology 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 Boingo Wireless, Inc. (WIFI) fell by 3.72% or $-0.34/share to $8.79. In the past year, the shares have traded as low as $6.98 and as high as $13.15. On average, 502900 shares of WIFI exchange hands on a given day and today's volume is recorded at 44875. 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 $9.79 area but be careful because the stock may face selling pressure at this level.
Shares of ServiceSource International, In (SREV) traded higher by 4.34% or $0.87/share to $20.9. In the past year, the shares have traded as low as $11.29 and as high as $20.75. On average, 568280 shares of SREV exchange hands on a given day and today's volume is recorded at 179881. 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 $16.69 area where the stock will likely see buying pressure.
Shares of Allied Irish Banks plc (AIB) fell by 5.41% or $-0.12/share to $2.1. In the past year, the shares have traded as low as $2.00 and as high as $13.65. On average, 1371480 shares of AIB exchange hands on a given day and today's volume is recorded at 189973. 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 $2.87 area but be careful because the stock may face selling pressure at this level.
Shares of Cadence Pharmaceuticals Inc. (CADX) fell by 0.66% or $-0.06/share to $9.09. In the past year, the shares have traded as low as $6.32 and as high as $10.00. On average, 482380 shares of CADX exchange hands on a given day and today's volume is recorded at 65372. 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 $8.61 area where the stock will likely see buying pressure.
Shares of Micron Technology Inc. (MU) fell by 13.29% or $-1.12/share to $7.31. In the past year, the shares have traded as low as $6.36 and as high as $11.95. On average, 36429170 shares of MU exchange hands on a given day and today's volume is recorded at 40422032. 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 $9.21 area where the stock may encounter resistance.
