Among the most volatile stocks traded on June 23 were: Gevo, Inc, Isoftstone Holdings Limited, Bravo Brio Restaurant Group, Inc, Sagent Pharmaceuticals, Inc, and Steelcase 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 Gevo, Inc. (GEVO) traded higher by 1.26% or $0.17/share to $13.71. In the past year, the shares have traded as low as $12.79 and as high as $26.36. On average, 119580 shares of GEVO exchange hands on a given day and today's volume is recorded at 21171. 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 $18.78 area but be careful because the stock may face selling pressure at this level.
Shares of Isoftstone Holdings Limited (ISS) traded higher by 5.53% or $0.66/share to $12.59. In the past year, the shares have traded as low as $9.80 and as high as $22.63. On average, 285910 shares of ISS exchange hands on a given day and today's volume is recorded at 73876. 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 $16.70 area but be careful because the stock may face selling pressure at this level.
Shares of Bravo Brio Restaurant Group, Inc. (BBRG) fell by 1.04% or $-0.23/share to $21.99. In the past year, the shares have traded as low as $14.26 and as high as $23.17. On average, 191050 shares of BBRG exchange hands on a given day and today's volume is recorded at 17269. 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 $21.10 area where the stock will likely see buying pressure.
Shares of Sagent Pharmaceuticals, Inc. (SGNT) fell by 5.83% or $-1.69/share to $27.31. In the past year, the shares have traded as low as $17.98 and as high as $29.23. On average, 163690 shares of SGNT exchange hands on a given day and today's volume is recorded at 44845. 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 $23.66 area.
Shares of Steelcase Inc. (SCS) fell by 0.29% or $-0.03/share to $10.37. In the past year, the shares have traded as low as $6.08 and as high as $12.12. On average, 592170 shares of SCS exchange hands on a given day and today's volume is recorded at 557144. 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 $10.73 represents resistance and the 200-day moving average of $9.80 would be an area of support.
