Among the most volatile stocks traded on June 1 were: Kite Realty Group Trust, Corn Products International Inc, Nevsun Resources Ltd, Modine Manufacturing Company, and Splunk, 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 Kite Realty Group Trust (KRG) fell by 0.42% or $-0.02/share to $4.72. In the past year, the shares have traded as low as $3.11 and as high as $5.55. On average, 160240 shares of KRG exchange hands on a given day and today's volume is recorded at 13581. 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 $5.02 represents resistance and the 200-day moving average of $4.45 would be an area of support.
Shares of Corn Products International Inc. (CPO) fell by 1.86% or $-0.95/share to $50.14. In the past year, the shares have traded as low as $36.39 and as high as $58.87. On average, 522260 shares of CPO exchange hands on a given day and today's volume is recorded at 109567. 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 $51.28 area where the stock may encounter resistance.
Shares of Nevsun Resources Ltd. (NSU) traded higher by 5.63% or $0.20/share to $3.75. In the past year, the shares have traded as low as $2.68 and as high as $7.23. On average, 642940 shares of NSU exchange hands on a given day and today's volume is recorded at 383366. 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 $4.95 represents resistance and the 50-day moving average of $3.42 would be an area of support.
Shares of Modine Manufacturing Company (MOD) fell by 4.94% or $-0.32/share to $6.16. In the past year, the shares have traded as low as $5.95 and as high as $16.02. On average, 352320 shares of MOD exchange hands on a given day and today's volume is recorded at 135130. 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 $7.58 area but be careful because the stock may face selling pressure at this level.
Shares of Splunk, Inc. (SPLK) fell by 8.94% or $-2.91/share to $29.65. In the past year, the shares have traded as low as $28.49 and as high as $37.57. On average, 1042060 shares of SPLK exchange hands on a given day and today's volume is recorded at 504140. 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 $33.45 area but be careful because the stock may face selling pressure at this level.
