Among the most volatile stocks traded on April 27 were: Silicon Motion Technology Corp, Deltek, Inc, Transportadora de Gas Del Sur S.A, Moog Inc, and Arena Pharmaceuticals, 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 Silicon Motion Technology Corp. (SIMO) fell by 15.13% or $-3.14/share to $17.61. In the past year, the shares have traded as low as $8.27 and as high as $24.98. On average, 849030 shares of SIMO exchange hands on a given day and today's volume is recorded at 1948704. 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 $19.40 represents resistance and the 200-day moving average of $16.83 would be an area of support.
Shares of Deltek, Inc (PROJ) fell by 0.7% or $-0.07/share to $10.53. In the past year, the shares have traded as low as $5.47 and as high as $11.64. On average, 90150 shares of PROJ exchange hands on a given day and today's volume is recorded at 23397. 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 $10.65 represents resistance and the 200-day moving average of $8.60 would be an area of support.
Shares of Transportadora de Gas Del Sur S.A. (TGS) traded higher by 2.1% or $0.05/share to $2.43. In the past year, the shares have traded as low as $1.86 and as high as $4.19. On average, 73320 shares of TGS exchange hands on a given day and today's volume is recorded at 32645. 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 $2.75 area but be careful because the stock may face selling pressure at this level.
Shares of Moog Inc. (MOG-A) fell by 0.75% or $-0.31/share to $40.75. In the past year, the shares have traded as low as $30.45 and as high as $45.53. On average, 104030 shares of MOG-A exchange hands on a given day and today's volume is recorded at 268452. 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 $42.33 represents resistance and the 200-day moving average of $40.22 would be an area of support.
Shares of Arena Pharmaceuticals, Inc. (ARNA) traded higher by 11.16% or $0.24/share to $2.39. In the past year, the shares have traded as low as $1.23 and as high as $3.47. On average, 9222380 shares of ARNA exchange hands on a given day and today's volume is recorded at 6238161. 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 $2.25 area where the stock will likely see buying pressure.
