Among the most volatile stocks traded on March 28 were: Yelp Inc. Class A Common Stock, KIT digital, Inc, RDA Microelectronics, Inc, Arena Pharmaceuticals, Inc, and EPAM Systems, Inc. Common Stock. 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 Yelp Inc. Class A Common Stock (YELP) traded higher by 13.42% or $3.71/share to $31.36. In the past year, the shares have traded as low as $19.36 and as high as $27.75. On average, 1316630 shares of YELP exchange hands on a given day and today's volume is recorded at 2474883. 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 $22.52 area.
Shares of KIT digital, Inc. (KITD) fell by 4.49% or $-0.30/share to $6.38. In the past year, the shares have traded as low as $5.99 and as high as $12.73. On average, 1107640 shares of KITD exchange hands on a given day and today's volume is recorded at 581763. 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 $10.02 area where the stock may encounter resistance.
Shares of RDA Microelectronics, Inc. (RDA) fell by 2.18% or $-0.26/share to $11.69. In the past year, the shares have traded as low as $7.06 and as high as $15.43. On average, 51980 shares of RDA exchange hands on a given day and today's volume is recorded at 98269. 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 $11.83 represents resistance and the 200-day moving average of $10.08 would be an area of support.
Shares of Arena Pharmaceuticals, Inc. (ARNA) fell by 10.74% or $-0.35/share to $2.91. In the past year, the shares have traded as low as $1.21 and as high as $3.47. On average, 6544550 shares of ARNA exchange hands on a given day and today's volume is recorded at 15621745. 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 $1.88 area where the stock will likely see buying pressure.
Shares of EPAM Systems, Inc. Common Stock (EPAM) fell by 5.97% or $-1.26/share to $19.85. In the past year, the shares have traded as low as $13.25 and as high as $21.25. On average, 328540 shares of EPAM exchange hands on a given day and today's volume is recorded at 502130. 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 $15.22 area.
