Among the most volatile stocks traded on May 10 were: AMAG Pharmaceuticals, Inc, Ubiquiti Networks, Inc, Quantum Corporation, Neenah Paper, Inc, and Insulet Corporation. 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 AMAG Pharmaceuticals, Inc. (AMAG) fell by 12.92% or $-2.07/share to $13.95. In the past year, the shares have traded as low as $12.65 and as high as $19.62. On average, 111120 shares of AMAG exchange hands on a given day and today's volume is recorded at 834897. 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 $15.86 area where the stock may encounter resistance.
Shares of Ubiquiti Networks, Inc. (UBNT) fell by 4.72% or $-1.23/share to $24.81. In the past year, the shares have traded as low as $16.25 and as high as $35.99. On average, 485030 shares of UBNT exchange hands on a given day and today's volume is recorded at 582832. 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 $29.61 represents resistance and the 200-day moving average of $23.99 would be an area of support.
Shares of Quantum Corporation (QTM) fell by 5.61% or $-0.12/share to $2.02. In the past year, the shares have traded as low as $1.54 and as high as $3.53. On average, 1205970 shares of QTM exchange hands on a given day and today's volume is recorded at 1077912. 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 $2.38 area where the stock may encounter resistance.
Shares of Neenah Paper, Inc. (NP) fell by 1.36% or $-0.37/share to $26.78. In the past year, the shares have traded as low as $12.77 and as high as $31.66. On average, 141380 shares of NP exchange hands on a given day and today's volume is recorded at 58922. 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 $28.93 represents resistance and the 200-day moving average of $21.64 would be an area of support.
Shares of Insulet Corporation (PODD) traded higher by 6.53% or $1.13/share to $18.44. In the past year, the shares have traded as low as $14.00 and as high as $23.33. On average, 292350 shares of PODD exchange hands on a given day and today's volume is recorded at 266661. 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 $18.57 represents resistance and the 200-day moving average of $17.94 would be an area of support.
