Among the most volatile stocks traded on June 8 were: CUI Global, Inc, Navistar International Corporation, TPC Group Inc, MEMC Electronic Materials Inc, and WageWorks, 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 CUI Global, Inc. (CUI) traded higher by 9.21% or $0.41/share to $4.86. In the past year, the shares have traded as low as $3.93 and as high as $5.20. On average, 20530 shares of CUI exchange hands on a given day and today's volume is recorded at 12400. 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 $4.53 area.
Shares of Navistar International Corporation (NAV) traded higher by 8.15% or $1.97/share to $26.08. In the past year, the shares have traded as low as $20.21 and as high as $59.07. On average, 1909990 shares of NAV exchange hands on a given day and today's volume is recorded at 3989657. 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 $32.86 area but be careful because the stock may face selling pressure at this level.
Shares of TPC Group Inc (TPCG) traded higher by 1.11% or $0.37/share to $33.62. In the past year, the shares have traded as low as $16.27 and as high as $47.61. On average, 154960 shares of TPCG exchange hands on a given day and today's volume is recorded at 23670. 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 $39.59 represents resistance and the 200-day moving average of $30.73 would be an area of support.
Shares of MEMC Electronic Materials Inc. (WFR) fell by 4.65% or $-0.08/share to $1.64. In the past year, the shares have traded as low as $1.44 and as high as $9.45. On average, 7178680 shares of WFR exchange hands on a given day and today's volume is recorded at 2787311. 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 $2.84 area but be careful because the stock may face selling pressure at this level.
Shares of WageWorks, Inc. (WAGE) traded higher by 3.79% or $0.47/share to $12.88. In the past year, the shares have traded as low as $10.12 and as high as $12.59. On average, 101990 shares of WAGE exchange hands on a given day and today's volume is recorded at 62862. 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 $10.95 area.
