Among the most volatile stocks traded on June 21 were: ZaZa Energy Corporation, Vantage Drilling Company, Goodrich Petroleum Corp, Pandora Media, Inc, and Tumi Holdings, 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 ZaZa Energy Corporation (ZAZA) fell by 7.01% or $-0.31/share to $4.11. In the past year, the shares have traded as low as $2.62 and as high as $5.49. On average, 298120 shares of ZAZA exchange hands on a given day and today's volume is recorded at 30146. 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 $4.20 represents resistance and the 200-day moving average of $3.94 would be an area of support.
Shares of Vantage Drilling Company (VTG) traded higher by 2.13% or $0.03/share to $1.44. In the past year, the shares have traded as low as $0.97 and as high as $1.92. On average, 1039810 shares of VTG exchange hands on a given day and today's volume is recorded at 115098. 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 $1.49 represents resistance and the 200-day moving average of $1.34 would be an area of support.
Shares of Goodrich Petroleum Corp. (GDP) fell by 3.65% or $-0.53/share to $14.0. In the past year, the shares have traded as low as $9.91 and as high as $21.00. On average, 1337900 shares of GDP exchange hands on a given day and today's volume is recorded at 820425. 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 $14.91 area but be careful because the stock may face selling pressure at this level.
Shares of Pandora Media, Inc. (P) fell by 7.29% or $-0.86/share to $10.93. In the past year, the shares have traded as low as $7.83 and as high as $21.20. On average, 3222550 shares of P exchange hands on a given day and today's volume is recorded at 1282608. 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 $11.52 represents resistance and the 50-day moving average of $9.77 would be an area of support.
Shares of Tumi Holdings, Inc. (TUMI) fell by 5.26% or $-0.98/share to $17.64. In the past year, the shares have traded as low as $14.44 and as high as $28.70. On average, 1394450 shares of TUMI exchange hands on a given day and today's volume is recorded at 270795. 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 $20.65 area but be careful because the stock may face selling pressure at this level.
