Among the most volatile stocks traded on May 24 were: AFC Enterprises Inc, Monro Muffler Brake Inc, Velti Plc, Westport Innovations Inc, and OmniVision Technologies 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 AFC Enterprises Inc. (AFCE) traded higher by 13.22% or $2.39/share to $20.5. In the past year, the shares have traded as low as $11.57 and as high as $18.27. On average, 69880 shares of AFCE exchange hands on a given day and today's volume is recorded at 158541. 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 $17.06 area where the stock will likely see buying pressure.
Shares of Monro Muffler Brake Inc. (MNRO) fell by 6.46% or $-2.39/share to $34.61. In the past year, the shares have traded as low as $29.23 and as high as $47.53. On average, 268240 shares of MNRO exchange hands on a given day and today's volume is recorded at 910695. 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 $39.33 area where the stock may encounter resistance.
Shares of Velti Plc (VELT) fell by 3.44% or $-0.25/share to $7.01. In the past year, the shares have traded as low as $5.61 and as high as $20.00. On average, 1499610 shares of VELT exchange hands on a given day and today's volume is recorded at 355905. 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 $9.22 area where the stock may encounter resistance.
Shares of Westport Innovations Inc. (WPRT) fell by 4.69% or $-1.39/share to $28.24. In the past year, the shares have traded as low as $19.66 and as high as $50.19. On average, 2703320 shares of WPRT exchange hands on a given day and today's volume is recorded at 598777. 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 $32.52 area where the stock may encounter resistance.
Shares of OmniVision Technologies Inc. (OVTI) fell by 6.2% or $-0.97/share to $14.67. In the past year, the shares have traded as low as $10.15 and as high as $36.78. On average, 2677040 shares of OVTI exchange hands on a given day and today's volume is recorded at 1010473. 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 $16.42 area where the stock may encounter resistance.
