Among the most volatile stocks traded on May 21 were: Imperva Inc, Smith & Wesson Holding Corporation, Renren Inc, Goodrich Petroleum Corp, and Universal Display 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 Imperva Inc. (IMPV) fell by 7.36% or $-2.17/share to $27.32. In the past year, the shares have traded as low as $22.00 and as high as $42.41. On average, 81570 shares of IMPV exchange hands on a given day and today's volume is recorded at 906818. 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 $33.26 area where the stock may encounter resistance.
Shares of Smith & Wesson Holding Corporation (SWHC) traded higher by 4.82% or $0.30/share to $6.53. In the past year, the shares have traded as low as $2.29 and as high as $8.62. On average, 1465550 shares of SWHC exchange hands on a given day and today's volume is recorded at 820204. 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 $7.62 represents resistance and the 200-day moving average of $4.67 would be an area of support.
Shares of Renren Inc. (RENN) fell by 6.66% or $-0.33/share to $4.6. In the past year, the shares have traded as low as $3.21 and as high as $14.80. On average, 10315820 shares of RENN exchange hands on a given day and today's volume is recorded at 6591225. 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 $5.46 area where the stock may encounter resistance.
Shares of Goodrich Petroleum Corp. (GDP) traded higher by 9.59% or $1.28/share to $14.63. In the past year, the shares have traded as low as $9.91 and as high as $21.00. On average, 1246840 shares of GDP exchange hands on a given day and today's volume is recorded at 942896. 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 $15.63 area where the stock may encounter resistance.
Shares of Universal Display Corp. (PANL) fell by 4.18% or $-1.17/share to $26.8. In the past year, the shares have traded as low as $22.73 and as high as $60.28. On average, 1176270 shares of PANL exchange hands on a given day and today's volume is recorded at 953914. 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 $37.80 area but be careful because the stock may face selling pressure at this level.
