Select Comfort (SCSS) Shows Lower Volatility; Shares Bounce After 20%+ Dip

June 7, 2012 10:06 AM EDT
Select Comfort (Nasdaq: SCSS) shares are seeing lower movement Thursday following an intense 20.5 percent dip on Wednesday following the 2012 outlook cut from peer Tempur-Pedic (NYSE: TPX) issued ahead of the bell yesterday morning.

Implied volatility is down 7.3 percent from Wednesday's close and up just 102 percent over its annual historical average.

The stock is up 2.4 percent on the session.

Current market data also has Select Comfort stock breaking below its 200-day DMA, something it hadn't done since last September. The 200-day DMA is currently situated at $23.76.

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