Among the most volatile stocks traded on June 18 were: Osiris Therapeutics, Inc, Buckeye Technologies Inc, NewLink Genetics Corporation, Infinity Pharmaceuticals, 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 Osiris Therapeutics, Inc. (OSIR) traded higher by 10.89% or $1.00/share to $10.18. In the past year, the shares have traded as low as $4.12 and as high as $9.40. On average, 205530 shares of OSIR exchange hands on a given day and today's volume is recorded at 623633. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $5.61 area where the stock will likely see buying pressure.
Shares of Buckeye Technologies Inc. (BKI) fell by 7.08% or $-2.06/share to $27.04. In the past year, the shares have traded as low as $22.24 and as high as $38.32. On average, 293580 shares of BKI exchange hands on a given day and today's volume is recorded at 672823. 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 $30.23 area but be careful because the stock may face selling pressure at this level.
Shares of NewLink Genetics Corporation (NLNK) traded higher by 7.46% or $1.18/share to $17.0. In the past year, the shares have traded as low as $6.25 and as high as $15.93. On average, 79500 shares of NLNK exchange hands on a given day and today's volume is recorded at 60241. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $11.65 area where the stock will likely see buying pressure.
Shares of Infinity Pharmaceuticals, Inc. (INFI) fell by 11.67% or $-1.62/share to $12.26. In the past year, the shares have traded as low as $5.50 and as high as $14.15. On average, 213780 shares of INFI exchange hands on a given day and today's volume is recorded at 677364. 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 $12.81 represents resistance and the 200-day moving average of $9.35 would be an area of support.
Shares of Tumi Holdings, Inc. (TUMI) traded higher by 2.42% or $0.44/share to $18.61. In the past year, the shares have traded as low as $14.44 and as high as $28.70. On average, 1453630 shares of TUMI exchange hands on a given day and today's volume is recorded at 73624. 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 $20.79 area but be careful because the stock may face selling pressure at this level.
