Among the most volatile stocks traded on June 28 were: Centene Corp, Health Management Associates Inc, Quicksilver Resources Inc, Advantage Oil & Gas Ltd, and JAKKS Pacific, 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 Centene Corp. (CNC) traded higher by 4.01% or $1.20/share to $31.11. In the past year, the shares have traded as low as $24.26 and as high as $50.98. On average, 1366190 shares of CNC exchange hands on a given day and today's volume is recorded at 3141452. 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 $35.77 area but be careful because the stock may face selling pressure at this level.
Shares of Health Management Associates Inc. (HMA) traded higher by 7.41% or $0.51/share to $7.39. In the past year, the shares have traded as low as $4.81 and as high as $11.26. On average, 3936780 shares of HMA exchange hands on a given day and today's volume is recorded at 13551609. 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 $7.15 area.
Shares of Quicksilver Resources Inc. (KWK) traded higher by 7.91% or $0.40/share to $5.46. In the past year, the shares have traded as low as $2.93 and as high as $14.90. On average, 4796040 shares of KWK exchange hands on a given day and today's volume is recorded at 3193440. 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 $6.02 represents resistance and the 50-day moving average of $4.11 would be an area of support.
Shares of Advantage Oil & Gas Ltd. (AAV) traded higher by 8.06% or $0.22/share to $2.95. In the past year, the shares have traded as low as $2.47 and as high as $8.17. On average, 287270 shares of AAV exchange hands on a given day and today's volume is recorded at 488988. 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 $3.84 represents resistance and the 50-day moving average of $2.91 would be an area of support.
Shares of JAKKS Pacific, Inc. (JAKK) fell by 8.41% or $-1.52/share to $16.56. In the past year, the shares have traded as low as $13.13 and as high as $20.03. On average, 257440 shares of JAKK exchange hands on a given day and today's volume is recorded at 118835. 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 $17.16 area where the stock may encounter resistance.
