Among the most volatile stocks traded on June 28 were: Tahoe Resources Inc, Orbotech Ltd, HMS Holdings Corp, Brightpoint Inc, and Tenet Healthcare 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 Tahoe Resources Inc. (TAHO) fell by 31.71% or $-5.01/share to $10.79. In the past year, the shares have traded as low as $12.96 and as high as $24.01. On average, 114750 shares of TAHO exchange hands on a given day and today's volume is recorded at 2922222. 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 $17.39 area but be careful because the stock may face selling pressure at this level.
Shares of Orbotech Ltd. (ORBK) fell by 19.41% or $-1.83/share to $7.6. In the past year, the shares have traded as low as $8.95 and as high as $13.00. On average, 110200 shares of ORBK exchange hands on a given day and today's volume is recorded at 1003719. 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 $10.03 area but be careful because the stock may face selling pressure at this level.
Shares of HMS Holdings Corp. (HMSY) traded higher by 14.14% or $3.93/share to $31.72. In the past year, the shares have traded as low as $19.78 and as high as $34.98. On average, 1083730 shares of HMSY exchange hands on a given day and today's volume is recorded at 1792194. 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 $28.83 area.
Shares of Brightpoint Inc. (CELL) traded higher by 11.26% or $0.59/share to $5.83. In the past year, the shares have traded as low as $4.50 and as high as $12.05. On average, 637980 shares of CELL exchange hands on a given day and today's volume is recorded at 793932. 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 $8.65 represents resistance and the 50-day moving average of $5.48 would be an area of support.
Shares of Tenet Healthcare Corp. (THC) traded higher by 6.02% or $0.30/share to $5.28. In the past year, the shares have traded as low as $3.46 and as high as $6.54. On average, 6306000 shares of THC exchange hands on a given day and today's volume is recorded at 13921708. 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 $4.97 area.
