Among the most volatile stocks traded on March 28 were: Amylin Pharmaceuticals, Inc, Sunrise Senior Living Inc, Brightcove Inc, Caesars Entertainment Corporati, and Affymax, 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 Amylin Pharmaceuticals, Inc. (AMLN) traded higher by 47.37% or $7.29/share to $22.68. In the past year, the shares have traded as low as $8.03 and as high as $18.45. On average, 3830420 shares of AMLN exchange hands on a given day and today's volume is recorded at 22890450. 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 $15.61 area where the stock will likely see buying pressure.
Shares of Sunrise Senior Living Inc. (SRZ) fell by 8.11% or $-0.58/share to $6.57. In the past year, the shares have traded as low as $3.68 and as high as $12.44. On average, 591100 shares of SRZ exchange hands on a given day and today's volume is recorded at 694773. 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 $6.76 area where the stock may encounter resistance.
Shares of Brightcove Inc. (BCOV) traded higher by 3.0% or $0.67/share to $23.0. In the past year, the shares have traded as low as $14.00 and as high as $22.95. On average, 316580 shares of BCOV exchange hands on a given day and today's volume is recorded at 77006. 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 $17.22 area.
Shares of Caesars Entertainment Corporati (CZR) traded higher by 8.4% or $1.09/share to $14.07. In the past year, the shares have traded as low as $9.00 and as high as $17.90. On average, 868390 shares of CZR exchange hands on a given day and today's volume is recorded at 515638. 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 $12.21 area.
Shares of Affymax, Inc. (AFFY) fell by 7.55% or $-1.08/share to $13.23. In the past year, the shares have traded as low as $3.93 and as high as $16.25. On average, 1403680 shares of AFFY exchange hands on a given day and today's volume is recorded at 3008075. 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 $10.21 area where the stock will likely see buying pressure.
