Among the most volatile stocks traded on June 4 were: Splunk, Inc, Rubicon Minerals Corporation, Threshold Pharmaceuticals Inc, Washington Federal Inc, and Fusion-io, 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 Splunk, Inc. (SPLK) fell by 4.96% or $-1.35/share to $25.89. In the past year, the shares have traded as low as $26.97 and as high as $37.57. On average, 1065830 shares of SPLK exchange hands on a given day and today's volume is recorded at 167227. 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 $33.25 area but be careful because the stock may face selling pressure at this level.
Shares of Rubicon Minerals Corporation (RBY) fell by 5.51% or $-0.16/share to $2.72. In the past year, the shares have traded as low as $2.55 and as high as $4.82. On average, 976650 shares of RBY exchange hands on a given day and today's volume is recorded at 818305. 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 $2.97 area but be careful because the stock may face selling pressure at this level.
Shares of Threshold Pharmaceuticals Inc. (THLD) fell by 4.19% or $-0.29/share to $6.63. In the past year, the shares have traded as low as $1.18 and as high as $9.07. On average, 2506200 shares of THLD exchange hands on a given day and today's volume is recorded at 503916. 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 $6.87 represents resistance and the 200-day moving average of $3.42 would be an area of support.
Shares of Washington Federal Inc. (WAFD) fell by 1.64% or $-0.26/share to $15.62. In the past year, the shares have traded as low as $12.03 and as high as $18.42. On average, 399130 shares of WAFD exchange hands on a given day and today's volume is recorded at 105284. 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 $17.11 represents resistance and the 200-day moving average of $15.07 would be an area of support.
Shares of Fusion-io, Inc. (FIO) fell by 5.42% or $-1.06/share to $18.51. In the past year, the shares have traded as low as $14.90 and as high as $41.74. On average, 3236640 shares of FIO exchange hands on a given day and today's volume is recorded at 662101. 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 $24.66 area but be careful because the stock may face selling pressure at this level.
