Among the most volatile stocks traded on June 5 were: BioSante Pharmaceuticals, Inc, Shuffle Master Inc, Westport Innovations Inc, Achillion Pharmaceuticals, Inc, and United Natural Foods, 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 BioSante Pharmaceuticals, Inc. (BPAX) traded higher by 14.29% or $0.39/share to $3.12. In the past year, the shares have traded as low as $0.34 and as high as $4.02. On average, 2719460 shares of BPAX exchange hands on a given day and today's volume is recorded at 1071148. 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 $1.40 area.
Shares of Shuffle Master Inc. (SHFL) fell by 13.61% or $-1.94/share to $12.31. In the past year, the shares have traded as low as $7.35 and as high as $18.77. On average, 657600 shares of SHFL exchange hands on a given day and today's volume is recorded at 1082939. 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 $12.88 area where the stock may encounter resistance.
Shares of Westport Innovations Inc. (WPRT) traded higher by 17.15% or $3.82/share to $26.09. In the past year, the shares have traded as low as $19.66 and as high as $50.19. On average, 2682850 shares of WPRT exchange hands on a given day and today's volume is recorded at 2842127. 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 $31.59 area but be careful because the stock may face selling pressure at this level.
Shares of Achillion Pharmaceuticals, Inc. (ACHN) fell by 9.19% or $-0.64/share to $6.32. In the past year, the shares have traded as low as $3.81 and as high as $12.95. On average, 1027900 shares of ACHN exchange hands on a given day and today's volume is recorded at 856201. 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 $7.71 area where the stock may encounter resistance.
Shares of United Natural Foods, Inc. (UNFI) traded higher by 1.17% or $0.59/share to $50.81. In the past year, the shares have traded as low as $32.83 and as high as $51.92. On average, 261610 shares of UNFI exchange hands on a given day and today's volume is recorded at 404363. 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 $48.75 area where the stock will likely see buying pressure.
