Among the most volatile stocks traded on March 26 were: Arena Pharmaceuticals, Inc, ServiceSource Corporation, Ubiquiti Networks, Inc, NetQin Mobile Inc, and Cal-Maine Foods, 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 Arena Pharmaceuticals, Inc. (ARNA) traded higher by 19.92% or $0.48/share to $2.89. In the past year, the shares have traded as low as $1.21 and as high as $2.62. On average, 4786660 shares of ARNA exchange hands on a given day and today's volume is recorded at 21319460. 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 $1.82 area where the stock will likely see buying pressure.
Shares of ServiceSource Corporation (SREV) traded higher by 1.49% or $0.23/share to $15.65. In the past year, the shares have traded as low as $11.29 and as high as $23.60. On average, 670070 shares of SREV exchange hands on a given day and today's volume is recorded at 331304. 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 $16.08 area where the stock may encounter resistance.
Shares of Ubiquiti Networks, Inc. (UBNT) traded higher by 8.56% or $2.60/share to $32.98. In the past year, the shares have traded as low as $16.25 and as high as $31.32. On average, 297350 shares of UBNT exchange hands on a given day and today's volume is recorded at 294444. 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 $24.67 area where the stock will likely see buying pressure.
Shares of NetQin Mobile Inc. (NQ) traded higher by 7.59% or $0.81/share to $11.48. In the past year, the shares have traded as low as $3.46 and as high as $11.90. On average, 410390 shares of NQ exchange hands on a given day and today's volume is recorded at 253854. 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 $7.88 area where the stock will likely see buying pressure.
Shares of Cal-Maine Foods, Inc. (CALM) fell by 3.93% or $-1.65/share to $40.3. In the past year, the shares have traded as low as $26.66 and as high as $42.38. On average, 107790 shares of CALM exchange hands on a given day and today's volume is recorded at 104030. 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 $39.10 area where the stock will likely see buying pressure.
