Among the most volatile stocks traded on June 7 were: AMERCO, Centene Corp, UTi Worldwide Inc, CTS Corporation, and ChipMOS TECHNOLOGIES (Bermuda) LTD. 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 AMERCO (UHAL) traded higher by 2.57% or $2.27/share to $90.5. In the past year, the shares have traded as low as $59.48 and as high as $126.13. On average, 33620 shares of UHAL exchange hands on a given day and today's volume is recorded at 61571. 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 $95.74 represents resistance and the 200-day moving average of $87.39 would be an area of support.
Shares of Centene Corp. (CNC) fell by 16.17% or $-6.04/share to $31.29. In the past year, the shares have traded as low as $25.28 and as high as $50.98. On average, 891420 shares of CNC exchange hands on a given day and today's volume is recorded at 2717344. 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 $38.72 area where the stock may encounter resistance.
Shares of UTi Worldwide Inc. (UTIW) traded higher by 0.26% or $0.04/share to $15.15. In the past year, the shares have traded as low as $11.94 and as high as $20.33. On average, 376160 shares of UTIW exchange hands on a given day and today's volume is recorded at 404468. 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 $16.56 represents resistance and the 200-day moving average of $15.03 would be an area of support.
Shares of CTS Corporation (CTS) traded higher by 0.21% or $0.02/share to $9.55. In the past year, the shares have traded as low as $7.09 and as high as $11.22. On average, 85910 shares of CTS exchange hands on a given day and today's volume is recorded at 22605. 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 $9.56 area where the stock may encounter resistance.
Shares of ChipMOS TECHNOLOGIES (Bermuda) LTD. (IMOS) fell by 4.06% or $-0.47/share to $11.12. In the past year, the shares have traded as low as $4.39 and as high as $19.37. On average, 366360 shares of IMOS exchange hands on a given day and today's volume is recorded at 109549. 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 $13.74 represents resistance and the 200-day moving average of $8.94 would be an area of support.
