Among the most volatile stocks traded on May 18 were: Mattress Firm Holding Corp, Patriot Coal Corporation, BBVA Banco Frances S.A, Sequenom Inc, 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 Mattress Firm Holding Corp. (MFRM) fell by 0.74% or $-0.26/share to $35.07. In the past year, the shares have traded as low as $21.03 and as high as $48.18. On average, 203970 shares of MFRM exchange hands on a given day and today's volume is recorded at 37561. 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 $38.60 represents resistance and the 200-day moving average of $31.68 would be an area of support.
Shares of Patriot Coal Corporation (PCX) fell by 3.69% or $-0.13/share to $3.39. In the past year, the shares have traded as low as $3.49 and as high as $24.98. On average, 7461380 shares of PCX exchange hands on a given day and today's volume is recorded at 2314160. 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 $5.97 area but be careful because the stock may face selling pressure at this level.
Shares of BBVA Banco Frances S.A. (BFR) fell by 1.25% or $-0.05/share to $3.96. In the past year, the shares have traded as low as $3.85 and as high as $10.61. On average, 143420 shares of BFR exchange hands on a given day and today's volume is recorded at 59082. 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 $5.38 area but be careful because the stock may face selling pressure at this level.
Shares of Sequenom Inc. (SQNM) fell by 8.6% or $-0.41/share to $4.36. In the past year, the shares have traded as low as $3.52 and as high as $8.71. On average, 3697170 shares of SQNM exchange hands on a given day and today's volume is recorded at 3415288. 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 $4.46 area but be careful because the stock may face selling pressure at this level.
Shares of Universal Display Corp. (PANL) fell by 1.8% or $-0.52/share to $28.3. In the past year, the shares have traded as low as $22.73 and as high as $60.28. On average, 1160650 shares of PANL exchange hands on a given day and today's volume is recorded at 656335. 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 $38.04 area but be careful because the stock may face selling pressure at this level.
