Among the most volatile stocks traded on June 5 were: RPC Inc, RF Micro Devices Inc, Synta Pharmaceuticals Corp, Jive Software, Inc, and Clean Energy Fuels Corp. 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 RPC Inc. (RES) traded higher by 5.88% or $0.62/share to $11.17. In the past year, the shares have traded as low as $8.68 and as high as $17.76. On average, 1479880 shares of RES exchange hands on a given day and today's volume is recorded at 244918. 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 $11.65 represents resistance and the 50-day moving average of $10.20 would be an area of support.
Shares of RF Micro Devices Inc. (RFMD) traded higher by 6.74% or $0.24/share to $3.8. In the past year, the shares have traded as low as $3.45 and as high as $7.89. On average, 3701470 shares of RFMD exchange hands on a given day and today's volume is recorded at 1113962. 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 $4.21 area but be careful because the stock may face selling pressure at this level.
Shares of Synta Pharmaceuticals Corp. (SNTA) traded higher by 2.76% or $0.15/share to $5.58. In the past year, the shares have traded as low as $3.02 and as high as $5.74. On average, 352120 shares of SNTA exchange hands on a given day and today's volume is recorded at 478120. 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 $4.21 area.
Shares of Jive Software, Inc. (JIVE) traded higher by 3.66% or $0.54/share to $15.28. In the past year, the shares have traded as low as $14.18 and as high as $28.15. On average, 641550 shares of JIVE exchange hands on a given day and today's volume is recorded at 96913. 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 $20.04 area where the stock may encounter resistance.
Shares of Clean Energy Fuels Corp. (CLNE) traded higher by 7.09% or $0.89/share to $13.44. In the past year, the shares have traded as low as $9.02 and as high as $24.75. On average, 2423070 shares of CLNE exchange hands on a given day and today's volume is recorded at 621080. 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 $14.86 area where the stock may encounter resistance.
