Among the most volatile stocks traded on April 27 were: Maxwell Technologies Inc, TPC Group Inc, magicJack VocalTec Ltd, InterMune Inc, and Callaway Golf Co. 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 Maxwell Technologies Inc. (MXWL) fell by 37.53% or $-5.93/share to $9.87. In the past year, the shares have traded as low as $13.78 and as high as $21.49. On average, 215970 shares of MXWL exchange hands on a given day and today's volume is recorded at 1924199. 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 $17.70 area where the stock may encounter resistance.
Shares of TPC Group Inc (TPCG) fell by 13.12% or $-5.94/share to $39.32. In the past year, the shares have traded as low as $16.27 and as high as $47.61. On average, 138120 shares of TPCG exchange hands on a given day and today's volume is recorded at 110294. 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 $41.17 represents resistance and the 200-day moving average of $30.79 would be an area of support.
Shares of magicJack VocalTec Ltd. (CALL) traded higher by 4.34% or $1.07/share to $25.7. In the past year, the shares have traded as low as $9.49 and as high as $28.22. On average, 454150 shares of CALL exchange hands on a given day and today's volume is recorded at 679062. 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 $22.68 area where the stock will likely see buying pressure.
Shares of InterMune Inc. (ITMN) fell by 19.12% or $-2.38/share to $10.07. In the past year, the shares have traded as low as $10.67 and as high as $50.99. On average, 1877170 shares of ITMN exchange hands on a given day and today's volume is recorded at 4071163. 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 $13.64 area but be careful because the stock may face selling pressure at this level.
Shares of Callaway Golf Co. (ELY) fell by 19.34% or $-1.35/share to $5.63. In the past year, the shares have traded as low as $4.68 and as high as $7.29. On average, 518780 shares of ELY exchange hands on a given day and today's volume is recorded at 1498076. 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 $6.01 area where the stock may encounter resistance.
