Among the most volatile stocks traded on May 14 were: Cumulus Media Inc, Groupon, Inc, InterOil Corporation, ChipMOS TECHNOLOGIES (Bermuda) LTD, and Delta Air Lines 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 Cumulus Media Inc. (CMLS) fell by 5.99% or $-0.18/share to $2.9. In the past year, the shares have traded as low as $2.18 and as high as $4.47. On average, 231720 shares of CMLS exchange hands on a given day and today's volume is recorded at 284451. 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 $3.17 area where the stock may encounter resistance.
Shares of Groupon, Inc. (GRPN) traded higher by 10.51% or $1.04/share to $10.94. In the past year, the shares have traded as low as $9.63 and as high as $31.14. On average, 2449950 shares of GRPN exchange hands on a given day and today's volume is recorded at 2763681. 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 $14.38 area but be careful because the stock may face selling pressure at this level.
Shares of InterOil Corporation (IOC) fell by 11.44% or $-6.59/share to $51.02. In the past year, the shares have traded as low as $31.18 and as high as $75.87. On average, 777840 shares of IOC exchange hands on a given day and today's volume is recorded at 1172372. 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 $56.23 area where the stock may encounter resistance.
Shares of ChipMOS TECHNOLOGIES (Bermuda) LTD. (IMOS) traded higher by 15.5% or $1.92/share to $14.31. In the past year, the shares have traded as low as $4.39 and as high as $19.37. On average, 365330 shares of IMOS exchange hands on a given day and today's volume is recorded at 348586. 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 $14.80 represents resistance and the 200-day moving average of $8.40 would be an area of support.
Shares of Delta Air Lines Inc. (DAL) traded higher by 1.23% or $0.14/share to $11.51. In the past year, the shares have traded as low as $6.41 and as high as $11.60. On average, 11584620 shares of DAL exchange hands on a given day and today's volume is recorded at 5201935. 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 $10.17 area where the stock will likely see buying pressure.
