Among the most volatile stocks traded on June 4 were: Theravance Inc, Resources Connection Inc, Acadia Healthcare Company, Inc, Tumi Holdings, Inc, and Conns 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 Theravance Inc. (THRX) fell by 2.34% or $-0.44/share to $18.35. In the past year, the shares have traded as low as $12.91 and as high as $25.40. On average, 536550 shares of THRX exchange hands on a given day and today's volume is recorded at 59296. 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 $20.33 area where the stock may encounter resistance.
Shares of Resources Connection Inc. (RECN) traded higher by 2.26% or $0.26/share to $11.74. In the past year, the shares have traded as low as $8.15 and as high as $14.43. On average, 198080 shares of RECN exchange hands on a given day and today's volume is recorded at 45067. 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 $12.78 represents resistance and the 200-day moving average of $11.42 would be an area of support.
Shares of Acadia Healthcare Company, Inc. (ACHC) fell by 10.83% or $-1.94/share to $15.98. In the past year, the shares have traded as low as $1.85 and as high as $18.60. On average, 172370 shares of ACHC exchange hands on a given day and today's volume is recorded at 247118. 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 $16.20 represents resistance and the 200-day moving average of $10.14 would be an area of support.
Shares of Tumi Holdings, Inc. (TUMI) fell by 7.78% or $-1.26/share to $14.88. In the past year, the shares have traded as low as $15.92 and as high as $28.71. On average, 1622720 shares of TUMI exchange hands on a given day and today's volume is recorded at 622091. 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 $21.93 area but be careful because the stock may face selling pressure at this level.
Shares of Conns Inc. (CONN) fell by 2.26% or $-0.40/share to $17.31. In the past year, the shares have traded as low as $4.97 and as high as $19.83. On average, 302530 shares of CONN exchange hands on a given day and today's volume is recorded at 316492. 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 $17.28 area where the stock will likely see buying pressure.
