Among the most volatile stocks traded on May 4 were: Power-One Inc, Fuel Systems Solutions, Inc, Rite Aid Corp, QLogic Corp, and Dole Food Company 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 Power-One Inc. (PWER) fell by 9.71% or $-0.43/share to $4.0. In the past year, the shares have traded as low as $3.68 and as high as $9.15. On average, 1698500 shares of PWER exchange hands on a given day and today's volume is recorded at 1854478. 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 $4.37 area but be careful because the stock may face selling pressure at this level.
Shares of Fuel Systems Solutions, Inc. (FSYS) fell by 8.85% or $-1.70/share to $17.5. In the past year, the shares have traded as low as $15.35 and as high as $29.41. On average, 463090 shares of FSYS exchange hands on a given day and today's volume is recorded at 776643. 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 $21.32 area where the stock may encounter resistance.
Shares of Rite Aid Corp. (RAD) traded higher by 0.66% or $0.01/share to $1.52. In the past year, the shares have traded as low as $0.85 and as high as $2.12. On average, 13478170 shares of RAD exchange hands on a given day and today's volume is recorded at 4836526. 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 $1.68 represents resistance and the 200-day moving average of $1.32 would be an area of support.
Shares of QLogic Corp. (QLGC) fell by 11.42% or $-1.93/share to $14.94. In the past year, the shares have traded as low as $11.95 and as high as $19.01. On average, 1024060 shares of QLGC exchange hands on a given day and today's volume is recorded at 2440803. 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 $15.35 area where the stock may encounter resistance.
Shares of Dole Food Company Inc. (DOLE) traded higher by 4.59% or $0.40/share to $9.12. In the past year, the shares have traded as low as $8.02 and as high as $14.58. On average, 388610 shares of DOLE exchange hands on a given day and today's volume is recorded at 780391. 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 $9.56 area but be careful because the stock may face selling pressure at this level.
