Among the most volatile stocks traded on June 11 were: EnergySolutions, Inc, GFI Group Inc, ZaZa Energy Corporation, Grupo Financiero Galicia S.A, and Jive Software, 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 EnergySolutions, Inc (ES) fell by 54.62% or $-1.96/share to $1.63. In the past year, the shares have traded as low as $2.76 and as high as $5.43. On average, 853320 shares of ES exchange hands on a given day and today's volume is recorded at 13765475. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $3.71 area where the stock may encounter resistance.
Shares of GFI Group Inc. (GFIG) traded higher by 0.36% or $0.01/share to $2.76. In the past year, the shares have traded as low as $2.45 and as high as $4.79. On average, 263700 shares of GFIG exchange hands on a given day and today's volume is recorded at 57313. 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 $3.05 area but be careful because the stock may face selling pressure at this level.
Shares of ZaZa Energy Corporation (ZAZA) traded higher by 29.23% or $0.95/share to $4.2. In the past year, the shares have traded as low as $2.62 and as high as $5.73. On average, 219290 shares of ZAZA exchange hands on a given day and today's volume is recorded at 1338325. 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 $4.23 represents resistance and the 200-day moving average of $3.89 would be an area of support.
Shares of Grupo Financiero Galicia S.A. (GGAL) traded higher by 1.14% or $0.05/share to $4.42. In the past year, the shares have traded as low as $4.32 and as high as $14.67. On average, 239230 shares of GGAL exchange hands on a given day and today's volume is recorded at 51800. 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 $5.32 area but be careful because the stock may face selling pressure at this level.
Shares of Jive Software, Inc. (JIVE) traded higher by 4.73% or $0.77/share to $17.05. In the past year, the shares have traded as low as $14.18 and as high as $28.15. On average, 651390 shares of JIVE exchange hands on a given day and today's volume is recorded at 1067732. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $19.92 area where the stock may encounter resistance.
