Among the most volatile stocks traded on June 6 were: Tempur Pedic International Inc, Fifth & Pacific Companies, Inc, Select Comfort Corporation, Nordion Inc, and BioSante Pharmaceuticals, 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 Tempur Pedic International Inc. (TPX) fell by 46.16% or $-20.16/share to $23.51. In the past year, the shares have traded as low as $41.53 and as high as $87.43. On average, 2862150 shares of TPX exchange hands on a given day and today's volume is recorded at 15047712. 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 $63.57 area where the stock may encounter resistance.
Shares of Fifth & Pacific Companies, Inc. (FNP) traded higher by 2.83% or $0.32/share to $11.61. In the past year, the shares have traded as low as $4.02 and as high as $15.37. On average, 2991230 shares of FNP exchange hands on a given day and today's volume is recorded at 604218. 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 $12.77 represents resistance and the 200-day moving average of $9.34 would be an area of support.
Shares of Select Comfort Corporation (SCSS) fell by 21.75% or $-5.64/share to $20.29. In the past year, the shares have traded as low as $11.89 and as high as $35.60. On average, 1483960 shares of SCSS exchange hands on a given day and today's volume is recorded at 4344276. 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 $23.68 area where the stock may encounter resistance.
Shares of Nordion Inc. (NDZ) fell by 7.06% or $-0.64/share to $8.43. In the past year, the shares have traded as low as $7.92 and as high as $11.12. On average, 196850 shares of NDZ exchange hands on a given day and today's volume is recorded at 168967. 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 $8.98 area where the stock may encounter resistance.
Shares of BioSante Pharmaceuticals, Inc. (BPAX) traded higher by 8.21% or $0.23/share to $3.03. In the past year, the shares have traded as low as $2.01 and as high as $24.12. On average, 472940 shares of BPAX exchange hands on a given day and today's volume is recorded at 342207. 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 $3.27 area but be careful because the stock may face selling pressure at this level.
