Among the most volatile stocks traded on April 4 were: Paramount Gold and Silver Corp, Merge Healthcare Incorporated, Threshold Pharmaceuticals Inc, MDC Partners Inc, and Glu Mobile, 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 Paramount Gold and Silver Corp. (PZG) traded higher by 1.66% or $0.04/share to $2.45. In the past year, the shares have traded as low as $2.00 and as high as $4.17. On average, 1044500 shares of PZG exchange hands on a given day and today's volume is recorded at 422084. 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 $2.46 area but be careful because the stock may face selling pressure at this level.
Shares of Merge Healthcare Incorporated (MRGE) traded higher by 4.04% or $0.20/share to $5.15. In the past year, the shares have traded as low as $4.32 and as high as $7.23. On average, 719130 shares of MRGE exchange hands on a given day and today's volume is recorded at 1030502. 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 $5.75 area where the stock may encounter resistance.
Shares of Threshold Pharmaceuticals Inc. (THLD) fell by 0.68% or $-0.05/share to $7.26. In the past year, the shares have traded as low as $1.18 and as high as $9.07. On average, 3491300 shares of THLD exchange hands on a given day and today's volume is recorded at 1184946. 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 $4.98 area where the stock will likely see buying pressure.
Shares of MDC Partners Inc. (MDCA) traded higher by 5.74% or $0.60/share to $11.06. In the past year, the shares have traded as low as $10.37 and as high as $20.40. On average, 131960 shares of MDCA exchange hands on a given day and today's volume is recorded at 222842. 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 $12.81 area but be careful because the stock may face selling pressure at this level.
Shares of Glu Mobile, Inc. (GLUU) traded higher by 0.41% or $0.02/share to $4.91. In the past year, the shares have traded as low as $1.80 and as high as $6.10. On average, 2244090 shares of GLUU exchange hands on a given day and today's volume is recorded at 724710. 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 $4.02 area where the stock will likely see buying pressure.
