Among the most volatile stocks traded on April 12 were: Seanergy Maritime Holdings Corp, Grupo Simec S.A.B. de C.V, MarketAxess Holdings Inc, TAM S.A, and Avid Technology, 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 Seanergy Maritime Holdings Corp. (SHIP) traded higher by 2.4% or $0.09/share to $3.87. In the past year, the shares have traded as low as $1.96 and as high as $9.00. On average, 38010 shares of SHIP exchange hands on a given day and today's volume is recorded at 129919. 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 $3.39 area.
Shares of Grupo Simec S.A.B. de C.V. (SIM) traded higher by 2.1% or $0.20/share to $9.72. In the past year, the shares have traded as low as $5.53 and as high as $10.50. On average, 30460 shares of SIM exchange hands on a given day and today's volume is recorded at 11426. 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 $8.67 area where the stock will likely see buying pressure.
Shares of MarketAxess Holdings Inc. (MKTX) fell by 9.14% or $-3.33/share to $33.06. In the past year, the shares have traded as low as $20.43 and as high as $37.94. On average, 251480 shares of MKTX exchange hands on a given day and today's volume is recorded at 414262. 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 $34.73 represents resistance and the 200-day moving average of $29.44 would be an area of support.
Shares of TAM S.A. (TAM) traded higher by 0.77% or $0.19/share to $24.73. In the past year, the shares have traded as low as $13.85 and as high as $25.56. On average, 548870 shares of TAM exchange hands on a given day and today's volume is recorded at 132354. 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 $23.87 area where the stock will likely see buying pressure.
Shares of Avid Technology, Inc. (AVID) fell by 15.37% or $-1.58/share to $8.7. In the past year, the shares have traded as low as $5.76 and as high as $21.95. On average, 241610 shares of AVID exchange hands on a given day and today's volume is recorded at 535060. 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 $10.28 area where the stock may encounter resistance.
