Among the most volatile stocks traded on April 23 were: Seanergy Maritime Holdings Corp, Cresud Sociedad An, Rambus Inc, E-House (China) Holdings Limited, and Sonic Automotive 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 Seanergy Maritime Holdings Corp. (SHIP) fell by 10.74% or $-0.41/share to $3.4. In the past year, the shares have traded as low as $1.96 and as high as $9.00. On average, 42710 shares of SHIP exchange hands on a given day and today's volume is recorded at 21614. 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 $3.53 represents resistance and the 200-day moving average of $3.33 would be an area of support.
Shares of Cresud Sociedad An (CRESY) fell by 14.15% or $-1.45/share to $8.8. In the past year, the shares have traded as low as $9.30 and as high as $17.38. On average, 141620 shares of CRESY exchange hands on a given day and today's volume is recorded at 270859. 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 $12.31 area but be careful because the stock may face selling pressure at this level.
Shares of Rambus Inc. (RMBS) fell by 10.41% or $-0.51/share to $4.39. In the past year, the shares have traded as low as $4.00 and as high as $21.69. On average, 1225810 shares of RMBS exchange hands on a given day and today's volume is recorded at 885956. 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 $6.70 area but be careful because the stock may face selling pressure at this level.
Shares of E-House (China) Holdings Limited (EJ) fell by 3.92% or $-0.25/share to $6.24. In the past year, the shares have traded as low as $3.92 and as high as $12.57. On average, 232930 shares of EJ exchange hands on a given day and today's volume is recorded at 66965. 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 $6.15 area.
Shares of Sonic Automotive Inc. (SAH) fell by 11.27% or $-2.02/share to $15.91. In the past year, the shares have traded as low as $10.08 and as high as $19.05. On average, 621780 shares of SAH exchange hands on a given day and today's volume is recorded at 653894. 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 $17.74 represents resistance and the 200-day moving average of $15.07 would be an area of support.
