Among the most volatile stocks traded on April 27 were: Goodyear Tire & Rubber Co, Avid Technology, Inc, Spansion Inc, Deckers Outdoor Corp, and Expedia 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 Goodyear Tire & Rubber Co. (GT) fell by 6.29% or $-0.75/share to $11.18. In the past year, the shares have traded as low as $8.53 and as high as $18.83. On average, 6209770 shares of GT exchange hands on a given day and today's volume is recorded at 5856355. 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 $11.93 area but be careful because the stock may face selling pressure at this level.
Shares of Avid Technology, Inc. (AVID) traded higher by 2.26% or $0.19/share to $8.6. In the past year, the shares have traded as low as $5.76 and as high as $20.38. On average, 280470 shares of AVID exchange hands on a given day and today's volume is recorded at 102556. 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 $9.69 area where the stock may encounter resistance.
Shares of Spansion Inc. (CODE) traded higher by 8.15% or $0.90/share to $11.88. In the past year, the shares have traded as low as $7.21 and as high as $21.03. On average, 448910 shares of CODE exchange hands on a given day and today's volume is recorded at 258925. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $12.01 represents resistance and the 50-day moving average of $11.71 would be an area of support.
Shares of Deckers Outdoor Corp. (DECK) fell by 24.6% or $-17.09/share to $52.37. In the past year, the shares have traded as low as $61.08 and as high as $118.89. On average, 2122740 shares of DECK exchange hands on a given day and today's volume is recorded at 7341543. 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 $70.36 area but be careful because the stock may face selling pressure at this level.
Shares of Expedia Inc. (EXPE) traded higher by 28.23% or $9.21/share to $41.84. In the past year, the shares have traded as low as $27.20 and as high as $47.98. On average, 3629650 shares of EXPE exchange hands on a given day and today's volume is recorded at 10462756. 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 $37.36 area.
