Among the most volatile stocks traded on May 8 were: Merge Healthcare Incorporated, Mindray Medical International Limited, Vitamin Shoppe, Inc, Fossil, Inc, and Carrols Restaurant Group, 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 Merge Healthcare Incorporated (MRGE) fell by 40.25% or $-1.59/share to $2.36. In the past year, the shares have traded as low as $3.77 and as high as $7.23. On average, 837700 shares of MRGE exchange hands on a given day and today's volume is recorded at 2278357. 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 $5.45 area but be careful because the stock may face selling pressure at this level.
Shares of Mindray Medical International Limited (MR) traded higher by 1.13% or $0.36/share to $32.15. In the past year, the shares have traded as low as $20.97 and as high as $34.07. On average, 457020 shares of MR exchange hands on a given day and today's volume is recorded at 876032. 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 $32.27 represents resistance and the 200-day moving average of $27.50 would be an area of support.
Shares of Vitamin Shoppe, Inc. (VSI) traded higher by 10.55% or $4.72/share to $49.48. In the past year, the shares have traded as low as $34.49 and as high as $49.27. On average, 333430 shares of VSI exchange hands on a given day and today's volume is recorded at 1433607. 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 $44.56 area where the stock will likely see buying pressure.
Shares of Fossil, Inc. (FOSL) fell by 37.43% or $-47.08/share to $78.7. In the past year, the shares have traded as low as $69.57 and as high as $139.19. On average, 1309980 shares of FOSL exchange hands on a given day and today's volume is recorded at 6900884. 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 $103.39 area where the stock may encounter resistance.
Shares of Carrols Restaurant Group, Inc. (TAST) fell by 69.23% or $-10.44/share to $4.64. In the past year, the shares have traded as low as $7.54 and as high as $15.89. On average, 96180 shares of TAST exchange hands on a given day and today's volume is recorded at 255452. 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 $11.03 area where the stock may encounter resistance.
