Among the most volatile stocks traded on June 29 were: Tesco Corporation, Federated Investors, Inc, Lincare Holdings Inc, Orexigen Therapeutics, Inc, and Osiris Therapeutics, 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 Tesco Corporation (TESO) traded higher by 7.35% or $0.83/share to $12.12. In the past year, the shares have traded as low as $10.01 and as high as $23.39. On average, 245570 shares of TESO exchange hands on a given day and today's volume is recorded at 94362. 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 $12.74 area but be careful because the stock may face selling pressure at this level.
Shares of Federated Investors, Inc. (FII) traded higher by 1.96% or $0.41/share to $21.35. In the past year, the shares have traded as low as $14.02 and as high as $23.66. On average, 1038839 shares of FII exchange hands on a given day and today's volume is recorded at 115039. 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 $20.74 area where the stock will likely see buying pressure.
Shares of Lincare Holdings Inc. (LNCR) traded higher by 0.22% or $0.07/share to $32.37. In the past year, the shares have traded as low as $19.17 and as high as $33.19. On average, 1539400 shares of LNCR exchange hands on a given day and today's volume is recorded at 2584762. 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 $24.48 area where the stock will likely see buying pressure.
Shares of Orexigen Therapeutics, Inc. (OREX) traded higher by 4.41% or $0.26/share to $6.16. In the past year, the shares have traded as low as $1.22 and as high as $5.95. On average, 1956150 shares of OREX exchange hands on a given day and today's volume is recorded at 7408512. 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 $3.69 area where the stock will likely see buying pressure.
Shares of Osiris Therapeutics, Inc. (OSIR) fell by 2.54% or $-0.30/share to $11.5. In the past year, the shares have traded as low as $4.12 and as high as $14.46. On average, 364880 shares of OSIR exchange hands on a given day and today's volume is recorded at 157658. 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 $6.88 area where the stock will likely see buying pressure.
