Among the most volatile stocks traded on June 6 were: LRR Energy, L.P, Groupon, Inc, Conns Inc, Aurizon Mines Ltd, and MEMC Electronic Materials 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 LRR Energy, L.P. (LRE) traded higher by 6.26% or $0.92/share to $15.57. In the past year, the shares have traded as low as $13.31 and as high as $21.59. On average, 107990 shares of LRE exchange hands on a given day and today's volume is recorded at 34761. 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 $17.75 area but be careful because the stock may face selling pressure at this level.
Shares of Groupon, Inc. (GRPN) traded higher by 6.86% or $0.67/share to $10.46. In the past year, the shares have traded as low as $8.80 and as high as $31.13. On average, 4099540 shares of GRPN exchange hands on a given day and today's volume is recorded at 6098347. 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 $12.44 area but be careful because the stock may face selling pressure at this level.
Shares of Conns Inc. (CONN) fell by 6.21% or $-1.06/share to $16.0. In the past year, the shares have traded as low as $4.97 and as high as $19.83. On average, 323260 shares of CONN exchange hands on a given day and today's volume is recorded at 184124. 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 $17.33 represents resistance and the 200-day moving average of $12.18 would be an area of support.
Shares of Aurizon Mines Ltd. (AZK) fell by 5.48% or $-0.29/share to $5.0. In the past year, the shares have traded as low as $3.82 and as high as $7.25. On average, 653780 shares of AZK exchange hands on a given day and today's volume is recorded at 452775. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $5.37 represents resistance and the 50-day moving average of $4.83 would be an area of support.
Shares of MEMC Electronic Materials Inc. (WFR) traded higher by 8.44% or $0.13/share to $1.67. In the past year, the shares have traded as low as $1.44 and as high as $9.74. On average, 7318110 shares of WFR exchange hands on a given day and today's volume is recorded at 1615141. 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 $2.93 area but be careful because the stock may face selling pressure at this level.
