Among the most volatile stocks traded on June 7 were: Aurizon Mines Ltd, Splunk, Inc, Comverse Technology Inc, InvenSense, Inc, and Quiksilver 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 Aurizon Mines Ltd. (AZK) fell by 7.8% or $-0.39/share to $4.61. In the past year, the shares have traded as low as $3.82 and as high as $7.25. On average, 661250 shares of AZK exchange hands on a given day and today's volume is recorded at 453084. 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 $4.83 area but be careful because the stock may face selling pressure at this level.
Shares of Splunk, Inc. (SPLK) fell by 1.39% or $-0.42/share to $29.73. In the past year, the shares have traded as low as $25.15 and as high as $37.57. On average, 1036079 shares of SPLK exchange hands on a given day and today's volume is recorded at 146978. 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 $32.84 area but be careful because the stock may face selling pressure at this level.
Shares of Comverse Technology Inc. (CMVT) fell by 4.45% or $-0.27/share to $5.8. In the past year, the shares have traded as low as $5.73 and as high as $7.80. On average, 2416670 shares of CMVT exchange hands on a given day and today's volume is recorded at 8316406. 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 $6.40 area but be careful because the stock may face selling pressure at this level.
Shares of InvenSense, Inc. (INVN) fell by 3.89% or $-0.45/share to $11.13. In the past year, the shares have traded as low as $8.25 and as high as $22.35. On average, 2390090 shares of INVN exchange hands on a given day and today's volume is recorded at 1186708. 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 $13.87 area but be careful because the stock may face selling pressure at this level.
Shares of Quiksilver Inc. (ZQK) fell by 6.4% or $-0.16/share to $2.34. In the past year, the shares have traded as low as $2.38 and as high as $5.58. On average, 1285840 shares of ZQK exchange hands on a given day and today's volume is recorded at 667735. 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 $3.30 area but be careful because the stock may face selling pressure at this level.
