Among the most volatile stocks traded on May 31 were: Hercules Offshore, Inc, National Bank of Greece SA, Tangoe, Inc, Bona Film Group Limited, and EchoStar Corp. 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 Hercules Offshore, Inc. (HERO) fell by 8.52% or $-0.30/share to $3.22. In the past year, the shares have traded as low as $2.25 and as high as $6.41. On average, 4243450 shares of HERO exchange hands on a given day and today's volume is recorded at 1393521. 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 $4.21 area where the stock may encounter resistance.
Shares of National Bank of Greece SA (NBG) fell by 10.42% or $-0.15/share to $1.29. In the past year, the shares have traded as low as $1.42 and as high as $7.65. On average, 1008390 shares of NBG exchange hands on a given day and today's volume is recorded at 1229546. 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 $2.23 area but be careful because the stock may face selling pressure at this level.
Shares of Tangoe, Inc. (TNGO) fell by 3.24% or $-0.65/share to $19.39. In the past year, the shares have traded as low as $8.01 and as high as $23.05. On average, 582310 shares of TNGO exchange hands on a given day and today's volume is recorded at 925080. 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 $19.96 represents resistance and the 200-day moving average of $15.68 would be an area of support.
Shares of Bona Film Group Limited (BONA) remained unchanged at $5.43. In the past year, the shares have traded as low as $3.50 and as high as $6.50. On average, 72180 shares of BONA exchange hands on a given day and today's volume is recorded at 122811. 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 $5.61 represents resistance and the 200-day moving average of $4.74 would be an area of support.
Shares of EchoStar Corp. (SATS) fell by 0.31% or $-0.09/share to $27.74. In the past year, the shares have traded as low as $20.10 and as high as $38.47. On average, 243230 shares of SATS exchange hands on a given day and today's volume is recorded at 49332. 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 $27.87 represents resistance and the 200-day moving average of $25.56 would be an area of support.
