Among the most volatile stocks traded on May 1 were: ACCO Brands Corporation, Central European Distribution Corp, Advanced Energy Industries, Inc, US Ecology, Inc, and Merrimack Pharmaceuticals, 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 ACCO Brands Corporation (ABD) traded higher by 4.45% or $0.47/share to $11.02. In the past year, the shares have traded as low as $4.33 and as high as $13.25. On average, 763480 shares of ABD exchange hands on a given day and today's volume is recorded at 1122677. 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 $11.93 represents resistance and the 200-day moving average of $8.85 would be an area of support.
Shares of Central European Distribution Corp. (CEDC) traded higher by 14.96% or $0.73/share to $5.61. In the past year, the shares have traded as low as $2.75 and as high as $12.66. On average, 1233440 shares of CEDC exchange hands on a given day and today's volume is recorded at 824639. 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 $5.56 area.
Shares of Advanced Energy Industries, Inc. (AEIS) traded higher by 17.17% or $2.05/share to $13.99. In the past year, the shares have traded as low as $7.56 and as high as $15.56. On average, 374790 shares of AEIS exchange hands on a given day and today's volume is recorded at 592142. 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 $12.43 area where the stock will likely see buying pressure.
Shares of US Ecology, Inc. (ECOL) fell by 18.11% or $-3.92/share to $17.72. In the past year, the shares have traded as low as $14.39 and as high as $22.52. On average, 86440 shares of ECOL exchange hands on a given day and today's volume is recorded at 218996. 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 $17.99 area where the stock may encounter resistance.
Shares of Merrimack Pharmaceuticals, Inc. (MACK) traded higher by 4.81% or $0.38/share to $8.28. In the past year, the shares have traded as low as $5.81 and as high as $9.00. On average, 342420 shares of MACK exchange hands on a given day and today's volume is recorded at 104172. 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 $7.11 area.
