Among the most volatile stocks traded on May 23 were: McEwen Mining Inc, magicJack VocalTec Ltd, Sequenom Inc, MEMC Electronic Materials Inc, and Millennial Media 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 McEwen Mining Inc. (MUX) fell by 7.42% or $-0.16/share to $2.0. In the past year, the shares have traded as low as $2.12 and as high as $7.35. On average, 2622780 shares of MUX exchange hands on a given day and today's volume is recorded at 1393819. 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 $3.60 area but be careful because the stock may face selling pressure at this level.
Shares of magicJack VocalTec Ltd. (CALL) fell by 0.49% or $-0.08/share to $16.4. In the past year, the shares have traded as low as $9.50 and as high as $28.22. On average, 514210 shares of CALL exchange hands on a given day and today's volume is recorded at 225006. 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 $22.73 represents resistance and the 200-day moving average of $15.74 would be an area of support.
Shares of Sequenom Inc. (SQNM) fell by 4.34% or $-0.19/share to $4.19. In the past year, the shares have traded as low as $3.52 and as high as $8.71. On average, 3740990 shares of SQNM exchange hands on a given day and today's volume is recorded at 946072. 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 $4.47 area but be careful because the stock may face selling pressure at this level.
Shares of MEMC Electronic Materials Inc. (WFR) traded higher by 1.89% or $0.03/share to $1.62. In the past year, the shares have traded as low as $1.56 and as high as $10.61. On average, 7555120 shares of WFR exchange hands on a given day and today's volume is recorded at 1687786. 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 $3.34 area but be careful because the stock may face selling pressure at this level.
Shares of Millennial Media Inc. (MM) fell by 3.56% or $-0.52/share to $14.13. In the past year, the shares have traded as low as $10.98 and as high as $27.90. On average, 1179720 shares of MM exchange hands on a given day and today's volume is recorded at 139278. 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 $17.88 area but be careful because the stock may face selling pressure at this level.
