Among the most volatile stocks traded on May 30 were: Teavana Holdings, Inc, FNB United Corp, Popular, Inc, Accretive Health, Inc, and Forest Oil Corp. 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 Teavana Holdings, Inc. (TEA) fell by 21.18% or $-3.56/share to $13.25. In the past year, the shares have traded as low as $14.28 and as high as $29.35. On average, 236210 shares of TEA exchange hands on a given day and today's volume is recorded at 713095. 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 $19.66 area but be careful because the stock may face selling pressure at this level.
Shares of FNB United Corp. (FNBN) fell by 5.35% or $-0.95/share to $16.8. In the past year, the shares have traded as low as $10.98 and as high as $56.00. On average, 16280 shares of FNBN exchange hands on a given day and today's volume is recorded at 46001. 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 $18.30 area but be careful because the stock may face selling pressure at this level.
Shares of Popular, Inc. (BPOP) traded higher by 874.07% or $14.16/share to $15.78. In the past year, the shares have traded as low as $1.08 and as high as $2.92. On average, 8289830 shares of BPOP exchange hands on a given day and today's volume is recorded at 452383. 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 $1.83 area where the stock will likely see buying pressure.
Shares of Accretive Health, Inc. (AH) fell by 6.44% or $-0.76/share to $11.08. In the past year, the shares have traded as low as $7.75 and as high as $32.83. On average, 1253360 shares of AH exchange hands on a given day and today's volume is recorded at 385057. 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 $15.95 area but be careful because the stock may face selling pressure at this level.
Shares of Forest Oil Corp. (FST) fell by 5.4% or $-0.47/share to $8.32. In the past year, the shares have traded as low as $7.94 and as high as $31.38. On average, 3394930 shares of FST exchange hands on a given day and today's volume is recorded at 1239450. 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 $11.23 area but be careful because the stock may face selling pressure at this level.
