Among the most volatile stocks traded on June 20 were: Vanguard Health Systems Inc, Idenix Pharmaceuticals Inc, First Bancorp, Genesis Energy LP, and MGIC Investment 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 Vanguard Health Systems Inc. (VHS) fell by 2.18% or $-0.18/share to $8.09. In the past year, the shares have traded as low as $6.92 and as high as $18.58. On average, 112940 shares of VHS exchange hands on a given day and today's volume is recorded at 27626. 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 $8.52 area but be careful because the stock may face selling pressure at this level.
Shares of Idenix Pharmaceuticals Inc. (IDIX) traded higher by 15.26% or $1.43/share to $10.8. In the past year, the shares have traded as low as $4.06 and as high as $15.25. On average, 1485590 shares of IDIX exchange hands on a given day and today's volume is recorded at 3798392. 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 $8.64 area.
Shares of First Bancorp (FBP) fell by 3.51% or $-0.14/share to $3.85. In the past year, the shares have traded as low as $2.50 and as high as $4.99. On average, 196600 shares of FBP exchange hands on a given day and today's volume is recorded at 111901. 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 $3.87 represents resistance and the 200-day moving average of $3.65 would be an area of support.
Shares of Genesis Energy LP (GEL) fell by 0.65% or $-0.19/share to $29.07. In the past year, the shares have traded as low as $19.91 and as high as $33.33. On average, 270490 shares of GEL exchange hands on a given day and today's volume is recorded at 23821. 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 $29.51 represents resistance and the 200-day moving average of $27.60 would be an area of support.
Shares of MGIC Investment Corp. (MTG) traded higher by 2.51% or $0.07/share to $2.86. In the past year, the shares have traded as low as $1.51 and as high as $6.82. On average, 5585760 shares of MTG exchange hands on a given day and today's volume is recorded at 1669886. 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 $3.02 area but be careful because the stock may face selling pressure at this level.
