Volatile Stocks to Watch on Thursday 6/9/2011

The following stocks closed at or near their high of the day in Wednesday's trading action. Their strength into the close on an overall weak market day bodes well for investors in the near term: 1) Wipro Limited WIT: Shares of Wipro finished 0.4% higher on Wednesday at $13.92, slightly lower than their intraday high of $13.94. The stock was down as much as 2% from Tuesday's close in the session, but bounced back to close in positive territory. 2) Conn's CONNS: Shares of Conn's finished 2.8% higher on Wednesday at $5.79, which was the stock's intraday high. Shares were down as much as 5% from Tuesday's close in the session, but bounced back to close in positive territory. 3) Coffee Holding JVA: Shares of Coffee Holding finished 7.7% higher on Wednesday at $8.50, which was the stock's intraday high. Shares set a new 52-week high of $8.50 in the session. The following stocks came into heavy selling pressure and closed at or near their low of the day in Wednesday's trading action. Their weakness into the close does not bode well for investors in the near term: 1) Modine Manufacturing MOD: Shares of Modine finished 1.9% lower on Wednesday at $14.68, slightly above their intraday low of $14.66. The stock broke below its 200-day simple moving average in the session. 2) Aspen Insurance Holdings AHL: Shares of Aspen finished 0.8% lower on Wednesday at $26.53, which was the stock's intraday low. 3) SuperMedia SPMD: Shares of SuperMedia finished 3.9% lower on Wednesday at $3.72, slightly above their intraday low of $3.71. 4) AutoNation AN: Shares of AutoNation finished 1.5% lower on Wednesday at $33.27, which was the intraday low. The stock broke below its 50-day simple moving average in the session. 5) Clear Channel Outdoor Holdings CCO: Shares of Clear Channel finished 0.6% lower on Wednesday at $13.88, which was the intraday low. 6) Atlas Pipeline Partners APL: Shares of Atlas Pipeline Partners finished 1.9% lower on Wednesday at $33.21, slightly above their intraday low of $33.18. The stock broke below its 50-day simple moving average in the session. 7) Vitamin Shoppe VSI: Shares of Vitamin Shoppe finished 1.5% lower on Wednesday at $41.20, slightly above their intraday low of $41.10. The stock recently set a 52-week high of $42.94 on June 7th. 8) Western Alliance Bancorporation WAL: Shares of Western Alliance finished 1.6% lower on Wednesday at $6.70, which was the stock's intraday low. The stock has lost 9.5% over the past seven trading sessions. 9) Diodes DIOD: Shares of Diodes finished 2% lower on Wednesday at $27.47, slightly above their intraday low of $27.45. The next support level for the stock is $27.23. If shares break below that level, no support comes into play until the $25.50 level – 6.4% lower than the current price. 10) Capella Education CPLA: Shares of Capella finished 2.4% lower on Wednesday at $47.99, slightly above their intraday low of $47.98. The stock may be looking to test its 52-week low of $46.28, which was set on May 24th.