Among the most volatile stocks traded on June 21 were: CUI Global, Inc, MannKind Corp, Tesco Corporation, Hersha Hospitality Trust, and Teavana 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 CUI Global, Inc. (CUI) fell by 4.65% or $-0.30/share to $6.15. In the past year, the shares have traded as low as $3.93 and as high as $7.00. On average, 24770 shares of CUI exchange hands on a given day and today's volume is recorded at 61572. 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 $4.68 area.
Shares of MannKind Corp. (MNKD) traded higher by 8.5% or $0.17/share to $2.17. In the past year, the shares have traded as low as $1.57 and as high as $4.30. On average, 1440500 shares of MNKD exchange hands on a given day and today's volume is recorded at 1990903. 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 $2.60 represents resistance and the 50-day moving average of $1.94 would be an area of support.
Shares of Tesco Corporation (TESO) fell by 3.05% or $-0.34/share to $10.81. In the past year, the shares have traded as low as $10.01 and as high as $23.39. On average, 225070 shares of TESO exchange hands on a given day and today's volume is recorded at 174242. 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 $13.17 area but be careful because the stock may face selling pressure at this level.
Shares of Hersha Hospitality Trust (HT) fell by 2.76% or $-0.15/share to $5.29. In the past year, the shares have traded as low as $3.07 and as high as $5.91. On average, 1462250 shares of HT exchange hands on a given day and today's volume is recorded at 372892. 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 $5.37 represents resistance and the 200-day moving average of $4.75 would be an area of support.
Shares of Teavana Holdings, Inc. (TEA) fell by 7.33% or $-0.95/share to $12.01. In the past year, the shares have traded as low as $12.30 and as high as $29.35. On average, 307200 shares of TEA exchange hands on a given day and today's volume is recorded at 97110. 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 $17.45 area but be careful because the stock may face selling pressure at this level.
