Among the most volatile stocks traded on June 28 were: WellCare Health Plans, Inc, Osiris Therapeutics, Inc, WellPoint Inc, Community Health Systems, Inc, and HCA Holdings, 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 WellCare Health Plans, Inc. (WCG) traded higher by 7.98% or $3.96/share to $53.57. In the past year, the shares have traded as low as $33.29 and as high as $74.41. On average, 890510 shares of WCG exchange hands on a given day and today's volume is recorded at 2264913. 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 $56.57 area where the stock may encounter resistance.
Shares of Osiris Therapeutics, Inc. (OSIR) traded higher by 1.49% or $0.17/share to $11.59. In the past year, the shares have traded as low as $4.12 and as high as $14.46. On average, 354160 shares of OSIR exchange hands on a given day and today's volume is recorded at 444409. 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 $6.73 area where the stock will likely see buying pressure.
Shares of WellPoint Inc. (WLP) fell by 4.98% or $-3.46/share to $66.03. In the past year, the shares have traded as low as $55.68 and as high as $79.56. On average, 2968430 shares of WLP exchange hands on a given day and today's volume is recorded at 7075856. 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 $66.95 area where the stock may encounter resistance.
Shares of Community Health Systems, Inc. (CYH) traded higher by 7.41% or $1.89/share to $27.38. In the past year, the shares have traded as low as $14.61 and as high as $27.63. On average, 1525930 shares of CYH exchange hands on a given day and today's volume is recorded at 2928630. 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 $23.17 area where the stock will likely see buying pressure.
Shares of HCA Holdings, Inc. (HCA) traded higher by 8.98% or $2.39/share to $29.0. In the past year, the shares have traded as low as $15.79 and as high as $32.37. On average, 2970070 shares of HCA exchange hands on a given day and today's volume is recorded at 9168876. 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 $26.28 area where the stock will likely see buying pressure.
