Among the most volatile stocks traded on June 22 were: ZAGG Incorporated, Neoprobe Corp, Monotype Imaging Holdings Inc, Pandora Media, Inc. Common Stoc, and BPZ Resources, 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 ZAGG Incorporated (ZAGG) traded higher by 8.81% or $1.11/share to $13.71. In the past year, the shares have traded as low as $2.30 and as high as $13.05. On average, 1275730 shares of ZAGG exchange hands on a given day and today's volume is recorded at 2256014. 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 $9.68 area where the stock will likely see buying pressure.
Shares of Neoprobe Corp. (NEOP) traded higher by 2.42% or $0.09/share to $3.81. In the past year, the shares have traded as low as $1.50 and as high as $5.48. On average, 1306380 shares of NEOP exchange hands on a given day and today's volume is recorded at 543772. 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 $4.48 represents resistance and the 200-day moving average of $3.00 would be an area of support.
Shares of Monotype Imaging Holdings Inc. (TYPE) fell by 0.5% or $-0.07/share to $14.0. In the past year, the shares have traded as low as $7.21 and as high as $15.49. On average, 291100 shares of TYPE exchange hands on a given day and today's volume is recorded at 33307. 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 $13.86 area where the stock will likely see buying pressure.
Shares of Pandora Media, Inc. Common Stoc (P) fell by 0.74% or $-0.10/share to $13.4. In the past year, the shares have traded as low as $12.16 and as high as $26.00. On average, 13731000 shares of P exchange hands on a given day and today's volume is recorded at 732088. 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 $14.44 area but be careful because the stock may face selling pressure at this level.
Shares of BPZ Resources, Inc. (BPZ) fell by 0.88% or $-0.03/share to $3.39. In the past year, the shares have traded as low as $2.91 and as high as $6.83. On average, 1861030 shares of BPZ exchange hands on a given day and today's volume is recorded at 560455. 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 $4.06 area but be careful because the stock may face selling pressure at this level.
