Among the most volatile stocks traded on May 9 were: STEC, Inc, Susser Holdings Corporation, Arena Pharmaceuticals, Inc, Blue Nile Inc, and W&T Offshore 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 STEC, Inc. (STEC) fell by 4.81% or $-0.37/share to $7.33. In the past year, the shares have traded as low as $7.53 and as high as $20.47. On average, 686290 shares of STEC exchange hands on a given day and today's volume is recorded at 1476289. 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 $8.99 area but be careful because the stock may face selling pressure at this level.
Shares of Susser Holdings Corporation (SUSS) traded higher by 1.8% or $0.51/share to $28.83. In the past year, the shares have traded as low as $13.33 and as high as $28.45. On average, 142940 shares of SUSS exchange hands on a given day and today's volume is recorded at 118647. 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 $25.76 area where the stock will likely see buying pressure.
Shares of Arena Pharmaceuticals, Inc. (ARNA) traded higher by 4.09% or $0.14/share to $3.56. In the past year, the shares have traded as low as $1.23 and as high as $3.49. On average, 11294150 shares of ARNA exchange hands on a given day and today's volume is recorded at 14411139. 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 $2.39 area where the stock will likely see buying pressure.
Shares of Blue Nile Inc. (NILE) traded higher by 11.91% or $3.25/share to $30.53. In the past year, the shares have traded as low as $25.59 and as high as $52.53. On average, 338840 shares of NILE exchange hands on a given day and today's volume is recorded at 381172. 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 $32.13 area but be careful because the stock may face selling pressure at this level.
Shares of W&T Offshore Inc. (WTI) fell by 13.38% or $-2.56/share to $16.57. In the past year, the shares have traded as low as $11.81 and as high as $29.05. On average, 643600 shares of WTI exchange hands on a given day and today's volume is recorded at 462566. 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 $20.45 area where the stock may encounter resistance.
