Among the most volatile stocks traded on April 24 were: RadioShack Corp, Zynga, Inc, J&J Snack Foods Corp, Wabash National Corp, and Measurement Specialties 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 RadioShack Corp. (RSH) fell by 6.84% or $-0.41/share to $5.56. In the past year, the shares have traded as low as $5.83 and as high as $15.70. On average, 5210360 shares of RSH exchange hands on a given day and today's volume is recorded at 7208605. 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 $6.63 area but be careful because the stock may face selling pressure at this level.
Shares of Zynga, Inc. (ZNGA) fell by 6.22% or $-0.56/share to $8.44. In the past year, the shares have traded as low as $7.97 and as high as $15.91. On average, 13487950 shares of ZNGA exchange hands on a given day and today's volume is recorded at 9665331. 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 $11.49 area where the stock may encounter resistance.
Shares of J&J Snack Foods Corp. (JJSF) traded higher by 12.58% or $6.16/share to $55.11. In the past year, the shares have traded as low as $42.92 and as high as $55.16. On average, 40330 shares of JJSF exchange hands on a given day and today's volume is recorded at 53460. 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 $50.79 area where the stock will likely see buying pressure.
Shares of Wabash National Corp. (WNC) fell by 5.32% or $-0.46/share to $8.19. In the past year, the shares have traded as low as $4.22 and as high as $11.99. On average, 1382730 shares of WNC exchange hands on a given day and today's volume is recorded at 1716212. 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 $9.97 represents resistance and the 200-day moving average of $7.71 would be an area of support.
Shares of Measurement Specialties Inc. (MEAS) traded higher by 8.06% or $2.55/share to $34.18. In the past year, the shares have traded as low as $23.55 and as high as $38.98. On average, 51380 shares of MEAS exchange hands on a given day and today's volume is recorded at 66323. 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 $32.98 area where the stock will likely see buying pressure.
