Among the most volatile stocks traded on June 21 were: Fortune Brands Home & Security, Inc, NII Holdings Inc, Pioneer Drilling Co, LeapFrog Enterprises Inc, and United Rentals, 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 Fortune Brands Home & Security, Inc. (FBHS) fell by 7.47% or $-1.70/share to $21.07. In the past year, the shares have traded as low as $11.00 and as high as $24.11. On average, 1555360 shares of FBHS exchange hands on a given day and today's volume is recorded at 769661. 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 $22.08 represents resistance and the 200-day moving average of $18.39 would be an area of support.
Shares of NII Holdings Inc. (NIHD) fell by 5.39% or $-0.60/share to $10.54. In the past year, the shares have traded as low as $10.27 and as high as $44.01. On average, 3885270 shares of NIHD exchange hands on a given day and today's volume is recorded at 2030697. 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 $13.52 area but be careful because the stock may face selling pressure at this level.
Shares of Pioneer Drilling Co. (PDC) fell by 4.63% or $-0.38/share to $7.82. In the past year, the shares have traded as low as $5.83 and as high as $18.00. On average, 731510 shares of PDC exchange hands on a given day and today's volume is recorded at 194875. 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 $9.11 represents resistance and the 50-day moving average of $7.67 would be an area of support.
Shares of LeapFrog Enterprises Inc. (LF) traded higher by 3.8% or $0.39/share to $10.66. In the past year, the shares have traded as low as $2.57 and as high as $10.78. On average, 842430 shares of LF exchange hands on a given day and today's volume is recorded at 754783. 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 $9.63 area where the stock will likely see buying pressure.
Shares of United Rentals, Inc. (URI) fell by 0.57% or $-0.20/share to $35.13. In the past year, the shares have traded as low as $12.81 and as high as $47.98. On average, 3221680 shares of URI exchange hands on a given day and today's volume is recorded at 1069767. 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 $38.74 represents resistance and the 200-day moving average of $32.55 would be an area of support.
