Among the most volatile stocks traded on April 4 were: Bona Film Group Limited, Acuity Brands, Inc, Polypore International Inc, Transportadora de Gas Del Sur S.A, and G&K Services 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 Bona Film Group Limited (BONA) fell by 4.76% or $-0.26/share to $5.2. In the past year, the shares have traded as low as $3.50 and as high as $6.90. On average, 79440 shares of BONA exchange hands on a given day and today's volume is recorded at 20240. 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 $4.91 area where the stock will likely see buying pressure.
Shares of Acuity Brands, Inc. (AYI) fell by 7.89% or $-5.02/share to $58.63. In the past year, the shares have traded as low as $32.96 and as high as $64.82. On average, 323560 shares of AYI exchange hands on a given day and today's volume is recorded at 761794. 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 $61.52 represents resistance and the 200-day moving average of $50.93 would be an area of support.
Shares of Polypore International Inc. (PPO) traded higher by 4.45% or $1.58/share to $37.08. In the past year, the shares have traded as low as $33.80 and as high as $74.20. On average, 2002000 shares of PPO exchange hands on a given day and today's volume is recorded at 991885. 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 $41.10 area but be careful because the stock may face selling pressure at this level.
Shares of Transportadora de Gas Del Sur S.A. (TGS) fell by 4.87% or $-0.13/share to $2.54. In the past year, the shares have traded as low as $2.67 and as high as $4.19. On average, 64300 shares of TGS exchange hands on a given day and today's volume is recorded at 40209. 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 $2.88 area but be careful because the stock may face selling pressure at this level.
Shares of G&K Services Inc. (GKSR) traded higher by 7.06% or $2.45/share to $37.15. In the past year, the shares have traded as low as $24.03 and as high as $36.06. On average, 94580 shares of GKSR exchange hands on a given day and today's volume is recorded at 71302. 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 $33.12 area where the stock will likely see buying pressure.
