Among the most volatile stocks traded on March 29 were: Arena Pharmaceuticals, Inc, American Realty Capital Trust, , Saba Software, Inc, Accretive Health, Inc, and Caesars Entertainment Corporati. 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 Arena Pharmaceuticals, Inc. (ARNA) traded higher by 6.85% or $0.20/share to $3.12. In the past year, the shares have traded as low as $1.21 and as high as $3.47. On average, 6888550 shares of ARNA exchange hands on a given day and today's volume is recorded at 8127092. 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 $1.90 area where the stock will likely see buying pressure.
Shares of American Realty Capital Trust, (ARCT) fell by 3.35% or $-0.35/share to $10.11. In the past year, the shares have traded as low as $5.53 and as high as $10.56. On average, 2291530 shares of ARCT exchange hands on a given day and today's volume is recorded at 2734233. 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 $10.43 area but be careful because the stock may face selling pressure at this level.
Shares of Saba Software, Inc. (SABA) fell by 13.58% or $-1.65/share to $10.5. In the past year, the shares have traded as low as $5.07 and as high as $13.11. On average, 301990 shares of SABA exchange hands on a given day and today's volume is recorded at 726880. 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 $11.40 represents resistance and the 200-day moving average of $8.33 would be an area of support.
Shares of Accretive Health, Inc. (AH) fell by 16.54% or $-3.98/share to $20.08. In the past year, the shares have traded as low as $19.31 and as high as $32.82. On average, 357810 shares of AH exchange hands on a given day and today's volume is recorded at 1474315. 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 $24.96 area but be careful because the stock may face selling pressure at this level.
Shares of Caesars Entertainment Corporati (CZR) fell by 5.52% or $-0.77/share to $13.18. In the past year, the shares have traded as low as $9.00 and as high as $17.90. On average, 873950 shares of CZR exchange hands on a given day and today's volume is recorded at 360274. 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 $12.25 area.
