Among the most volatile stocks traded on June 1 were: Emergent BioSolutions, Inc, Tanzanian Royalty Exploration Corp, Vera Bradley, Inc, GFI Group Inc, and Forum Energy Technologies, 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 Emergent BioSolutions, Inc. (EBS) fell by 0.62% or $-0.09/share to $14.33. In the past year, the shares have traded as low as $13.62 and as high as $24.95. On average, 167920 shares of EBS exchange hands on a given day and today's volume is recorded at 15197. 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 $14.78 area but be careful because the stock may face selling pressure at this level.
Shares of Tanzanian Royalty Exploration Corp. (TRX) traded higher by 3.57% or $0.14/share to $4.06. In the past year, the shares have traded as low as $1.56 and as high as $7.82. On average, 802720 shares of TRX exchange hands on a given day and today's volume is recorded at 232172. 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 $4.49 represents resistance and the 200-day moving average of $3.94 would be an area of support.
Shares of Vera Bradley, Inc. (VRA) fell by 6.95% or $-1.52/share to $20.35. In the past year, the shares have traded as low as $20.72 and as high as $49.65. On average, 1016700 shares of VRA exchange hands on a given day and today's volume is recorded at 2031453. 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 $26.72 area but be careful because the stock may face selling pressure at this level.
Shares of GFI Group Inc. (GFIG) fell by 0.74% or $-0.02/share to $2.7. In the past year, the shares have traded as low as $2.45 and as high as $4.79. On average, 272570 shares of GFIG exchange hands on a given day and today's volume is recorded at 21831. 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 $3.18 area but be careful because the stock may face selling pressure at this level.
Shares of Forum Energy Technologies, Inc. (FET) fell by 2.19% or $-0.47/share to $21.01. In the past year, the shares have traded as low as $20.81 and as high as $23.86. On average, 901650 shares of FET exchange hands on a given day and today's volume is recorded at 156172. 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 $21.92 area but be careful because the stock may face selling pressure at this level.
