Among the most volatile stocks traded on March 29 were: Yelp Inc. Class A Common Stock, Texas Industries Inc, NetQin Mobile Inc, GameStop Corp, and Shaw Group 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 Yelp Inc. Class A Common Stock (YELP) traded higher by 1.28% or $0.36/share to $28.45. In the past year, the shares have traded as low as $19.36 and as high as $31.96. On average, 1524560 shares of YELP exchange hands on a given day and today's volume is recorded at 627640. 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 $22.81 area.
Shares of Texas Industries Inc. (TXI) fell by 6.29% or $-2.30/share to $34.29. In the past year, the shares have traded as low as $21.89 and as high as $46.28. On average, 226330 shares of TXI exchange hands on a given day and today's volume is recorded at 226549. 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 $34.51 represents resistance and the 200-day moving average of $33.48 would be an area of support.
Shares of NetQin Mobile Inc. (NQ) traded higher by 0.28% or $0.03/share to $10.75. In the past year, the shares have traded as low as $3.46 and as high as $12.19. On average, 436320 shares of NQ exchange hands on a given day and today's volume is recorded at 136954. 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 $8.14 area where the stock will likely see buying pressure.
Shares of GameStop Corp. (GME) fell by 5.0% or $-1.17/share to $22.32. In the past year, the shares have traded as low as $18.22 and as high as $28.48. On average, 3548070 shares of GME exchange hands on a given day and today's volume is recorded at 3803295. 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 $23.65 area but be careful because the stock may face selling pressure at this level.
Shares of Shaw Group Inc. (SHAW) traded higher by 3.57% or $1.10/share to $31.94. In the past year, the shares have traded as low as $18.98 and as high as $39.91. On average, 789890 shares of SHAW exchange hands on a given day and today's volume is recorded at 533815. 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 $29.62 area where the stock will likely see buying pressure.
