Among the most volatile stocks traded on May 3 were: Caribou Coffee Company, Inc, Concur Technologies, Inc, Zillow, Inc, Checkpoint Systems Inc, and AECOM Technology 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 Caribou Coffee Company, Inc. (CBOU) fell by 10.49% or $-1.73/share to $14.76. In the past year, the shares have traded as low as $9.03 and as high as $18.84. On average, 275820 shares of CBOU exchange hands on a given day and today's volume is recorded at 489541. 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 $14.93 area where the stock may encounter resistance.
Shares of Concur Technologies, Inc. (CNQR) traded higher by 10.21% or $5.92/share to $63.9. In the past year, the shares have traded as low as $34.30 and as high as $62.60. On average, 476520 shares of CNQR exchange hands on a given day and today's volume is recorded at 608632. 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 $57.77 area where the stock will likely see buying pressure.
Shares of Zillow, Inc. (Z) traded higher by 16.49% or $5.95/share to $42.05. In the past year, the shares have traded as low as $21.22 and as high as $59.99. On average, 368160 shares of Z exchange hands on a given day and today's volume is recorded at 1161751. 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 $33.65 area where the stock will likely see buying pressure.
Shares of Checkpoint Systems Inc. (CKP) fell by 15.08% or $-1.68/share to $9.46. In the past year, the shares have traded as low as $10.35 and as high as $19.75. On average, 225040 shares of CKP exchange hands on a given day and today's volume is recorded at 366163. 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 $11.10 area but be careful because the stock may face selling pressure at this level.
Shares of AECOM Technology Corporation (ACM) fell by 12.56% or $-2.84/share to $19.77. In the past year, the shares have traded as low as $16.39 and as high as $28.90. On average, 834490 shares of ACM exchange hands on a given day and today's volume is recorded at 1016457. 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 $21.46 area where the stock may encounter resistance.
