Among the most volatile stocks traded on April 23 were: Barnes & Noble, Inc, YPF S.A, BE Aerospace Inc, Tennant Company, and Perfect World Co., Ltd. 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 Barnes & Noble, Inc. (BKS) traded higher by 6.04% or $0.68/share to $12.02. In the past year, the shares have traded as low as $9.35 and as high as $18.72. On average, 1270370 shares of BKS exchange hands on a given day and today's volume is recorded at 362783. 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 $13.05 area but be careful because the stock may face selling pressure at this level.
Shares of YPF S.A. (YPF) fell by 3.98% or $-0.58/share to $14.01. In the past year, the shares have traded as low as $12.48 and as high as $44.42. On average, 2078679 shares of YPF exchange hands on a given day and today's volume is recorded at 962392. 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 $27.02 area but be careful because the stock may face selling pressure at this level.
Shares of BE Aerospace Inc. (BEAV) traded higher by 3.15% or $1.41/share to $46.21. In the past year, the shares have traded as low as $28.83 and as high as $48.48. On average, 849870 shares of BEAV exchange hands on a given day and today's volume is recorded at 660749. 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 $46.14 area where the stock will likely see buying pressure.
Shares of Tennant Company (TNC) fell by 8.13% or $-3.89/share to $43.95. In the past year, the shares have traded as low as $31.74 and as high as $49.19. On average, 115160 shares of TNC exchange hands on a given day and today's volume is recorded at 81724. 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 $43.44 area where the stock will likely see buying pressure.
Shares of Perfect World Co., Ltd. (PWRD) fell by 5.45% or $-0.72/share to $12.5. In the past year, the shares have traded as low as $7.40 and as high as $24.36. On average, 972550 shares of PWRD exchange hands on a given day and today's volume is recorded at 261061. 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 $12.42 area.
