Among the most volatile stocks traded on March 29 were: Red Hat, Inc, Tornier N.V, Amyris, Inc, Glu Mobile, Inc, and Velti Plc. 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 Red Hat, Inc. (RHT) traded higher by 15.04% or $7.73/share to $59.12. In the past year, the shares have traded as low as $31.77 and as high as $54.01. On average, 1611390 shares of RHT exchange hands on a given day and today's volume is recorded at 6636075. 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 $49.17 area where the stock will likely see buying pressure.
Shares of Tornier N.V. (TRNX) traded higher by 0.32% or $0.08/share to $25.0. In the past year, the shares have traded as low as $16.69 and as high as $29.93. On average, 116510 shares of TRNX exchange hands on a given day and today's volume is recorded at 123093. 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 $22.23 area where the stock will likely see buying pressure.
Shares of Amyris, Inc. (AMRS) fell by 6.04% or $-0.35/share to $5.41. In the past year, the shares have traded as low as $4.45 and as high as $30.77. On average, 413850 shares of AMRS exchange hands on a given day and today's volume is recorded at 173885. 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 $7.08 area but be careful because the stock may face selling pressure at this level.
Shares of Glu Mobile, Inc. (GLUU) fell by 5.01% or $-0.25/share to $4.74. In the past year, the shares have traded as low as $1.80 and as high as $6.10. On average, 2081810 shares of GLUU exchange hands on a given day and today's volume is recorded at 1762472. 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 $3.86 area where the stock will likely see buying pressure.
Shares of Velti Plc (VELT) traded higher by 0.22% or $0.03/share to $13.76. In the past year, the shares have traded as low as $6.04 and as high as $20.00. On average, 724220 shares of VELT exchange hands on a given day and today's volume is recorded at 1156389. 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 $10.52 area where the stock will likely see buying pressure.
