Among the most volatile stocks traded on April 24 were: Clearwire Corporation, Capella Education Co, Healthstream Inc, Sanmina-SCI Corp, and Boyd Gaming Corp. 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 Clearwire Corporation (CLWR) fell by 2.9% or $-0.04/share to $1.5. In the past year, the shares have traded as low as $1.24 and as high as $5.45. On average, 13890960 shares of CLWR exchange hands on a given day and today's volume is recorded at 12320163. 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 $2.16 area where the stock may encounter resistance.
Shares of Capella Education Co. (CPLA) fell by 10.93% or $-3.76/share to $30.65. In the past year, the shares have traded as low as $26.12 and as high as $54.86. On average, 148920 shares of CPLA exchange hands on a given day and today's volume is recorded at 167741. 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 $36.20 area where the stock may encounter resistance.
Shares of Healthstream Inc. (HSTM) fell by 13.06% or $-3.42/share to $22.77. In the past year, the shares have traded as low as $7.99 and as high as $26.90. On average, 200580 shares of HSTM exchange hands on a given day and today's volume is recorded at 465044. 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 $22.21 area where the stock will likely see buying pressure.
Shares of Sanmina-SCI Corp. (SANM) fell by 13.06% or $-1.34/share to $8.92. In the past year, the shares have traded as low as $6.01 and as high as $12.55. On average, 586440 shares of SANM exchange hands on a given day and today's volume is recorded at 866236. 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 $9.46 area where the stock may encounter resistance.
Shares of Boyd Gaming Corp. (BYD) fell by 2.96% or $-0.24/share to $7.87. In the past year, the shares have traded as low as $4.12 and as high as $10.39. On average, 1560230 shares of BYD exchange hands on a given day and today's volume is recorded at 1888250. 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 $8.15 represents resistance and the 200-day moving average of $7.20 would be an area of support.
