Among the most volatile stocks traded on June 1 were: Bazaarvoice, Inc, RealD Inc, ArQule Inc, Compass Minerals International Inc, and Och-Ziff Capital Management Group LLC. 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 Bazaarvoice, Inc. (BV) fell by 2.37% or $-0.41/share to $16.88. In the past year, the shares have traded as low as $14.48 and as high as $21.10. On average, 242550 shares of BV exchange hands on a given day and today's volume is recorded at 21284. 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 $17.83 area where the stock may encounter resistance.
Shares of RealD Inc. (RLD) fell by 6.52% or $-0.78/share to $11.19. In the past year, the shares have traded as low as $7.85 and as high as $27.39. On average, 392980 shares of RLD exchange hands on a given day and today's volume is recorded at 463471. 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 $11.93 represents resistance and the 200-day moving average of $11.03 would be an area of support.
Shares of ArQule Inc. (ARQL) fell by 2.7% or $-0.16/share to $5.78. In the past year, the shares have traded as low as $3.98 and as high as $8.32. On average, 557840 shares of ARQL exchange hands on a given day and today's volume is recorded at 128430. 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 $6.17 area where the stock may encounter resistance.
Shares of Compass Minerals International Inc. (CMP) traded higher by 0.21% or $0.15/share to $71.31. In the past year, the shares have traded as low as $61.62 and as high as $91.38. On average, 253280 shares of CMP exchange hands on a given day and today's volume is recorded at 57722. 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 $71.82 area where the stock may encounter resistance.
Shares of Och-Ziff Capital Management Group LLC (OZM) fell by 2.62% or $-0.19/share to $7.06. In the past year, the shares have traded as low as $6.86 and as high as $14.21. On average, 959790 shares of OZM exchange hands on a given day and today's volume is recorded at 266213. 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 $8.40 area but be careful because the stock may face selling pressure at this level.
