Among the most volatile stocks traded on June 20 were: SodaStream International Ltd, MannKind Corp, Kosmos Energy Ltd, Ethan Allen Interiors Inc, and Leap Wireless International 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 SodaStream International Ltd. (SODA) traded higher by 5.17% or $1.83/share to $37.26. In the past year, the shares have traded as low as $27.60 and as high as $79.72. On average, 1071550 shares of SODA exchange hands on a given day and today's volume is recorded at 1298961. 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 $35.35 area.
Shares of MannKind Corp. (MNKD) traded higher by 5.41% or $0.10/share to $1.95. In the past year, the shares have traded as low as $1.57 and as high as $4.30. On average, 1419990 shares of MNKD exchange hands on a given day and today's volume is recorded at 452306. 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 $2.60 represents resistance and the 50-day moving average of $1.94 would be an area of support.
Shares of Kosmos Energy Ltd (KOS) remained unchanged at $11.98. In the past year, the shares have traded as low as $10.03 and as high as $18.82. On average, 535680 shares of KOS exchange hands on a given day and today's volume is recorded at 157245. 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 $12.73 represents resistance and the 50-day moving average of $11.36 would be an area of support.
Shares of Ethan Allen Interiors Inc. (ETH) fell by 7.97% or $-1.77/share to $20.44. In the past year, the shares have traded as low as $12.17 and as high as $28.29. On average, 410220 shares of ETH exchange hands on a given day and today's volume is recorded at 316596. 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 $21.56 area where the stock may encounter resistance.
Shares of Leap Wireless International Inc. (LEAP) traded higher by 5.05% or $0.28/share to $5.82. In the past year, the shares have traded as low as $4.68 and as high as $17.13. On average, 2236940 shares of LEAP exchange hands on a given day and today's volume is recorded at 443342. 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 $6.04 area but be careful because the stock may face selling pressure at this level.
