Among the most volatile stocks traded on June 8 were: NPS Pharmaceuticals, Inc, BioSante Pharmaceuticals, Inc, Bio-Reference Laboratories Inc, Ferrellgas Partners LP, and OCZ Technology Group, 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 NPS Pharmaceuticals, Inc. (NPSP) fell by 8.93% or $-0.72/share to $7.34. In the past year, the shares have traded as low as $4.35 and as high as $10.33. On average, 567060 shares of NPSP exchange hands on a given day and today's volume is recorded at 1128772. 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 $7.18 area where the stock will likely see buying pressure.
Shares of BioSante Pharmaceuticals, Inc. (BPAX) traded higher by 3.08% or $0.08/share to $2.68. In the past year, the shares have traded as low as $2.01 and as high as $24.12. On average, 481440 shares of BPAX exchange hands on a given day and today's volume is recorded at 185162. 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 $3.21 area but be careful because the stock may face selling pressure at this level.
Shares of Bio-Reference Laboratories Inc. (BRLI) traded higher by 3.96% or $0.82/share to $21.53. In the past year, the shares have traded as low as $11.41 and as high as $24.48. On average, 218230 shares of BRLI exchange hands on a given day and today's volume is recorded at 167536. 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 $21.68 represents resistance and the 200-day moving average of $19.10 would be an area of support.
Shares of Ferrellgas Partners LP (FGP) traded higher by 7.56% or $1.22/share to $17.35. In the past year, the shares have traded as low as $9.41 and as high as $21.25. On average, 374640 shares of FGP exchange hands on a given day and today's volume is recorded at 396262. 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 $17.28 area.
Shares of OCZ Technology Group, Inc. (OCZ) traded higher by 4.22% or $0.20/share to $4.94. In the past year, the shares have traded as low as $4.14 and as high as $10.94. On average, 2189630 shares of OCZ exchange hands on a given day and today's volume is recorded at 694585. 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 $5.71 area but be careful because the stock may face selling pressure at this level.
