Among the most volatile stocks traded on May 2 were: Bankrate, Inc, SkyWest Inc, Web.com Group, Inc, Aspen Technology, Inc, and Endeavour International 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 Bankrate, Inc. (RATE) fell by 5.57% or $-1.32/share to $22.39. In the past year, the shares have traded as low as $13.38 and as high as $25.95. On average, 404030 shares of RATE exchange hands on a given day and today's volume is recorded at 1527762. 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 $23.67 represents resistance and the 200-day moving average of $19.97 would be an area of support.
Shares of SkyWest Inc. (SKYW) traded higher by 4.22% or $0.37/share to $9.14. In the past year, the shares have traded as low as $8.52 and as high as $16.71. On average, 284500 shares of SKYW exchange hands on a given day and today's volume is recorded at 475884. 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 $10.77 area but be careful because the stock may face selling pressure at this level.
Shares of Web.com Group, Inc. (WWWW) traded higher by 22.78% or $2.93/share to $15.79. In the past year, the shares have traded as low as $6.47 and as high as $16.01. On average, 253600 shares of WWWW exchange hands on a given day and today's volume is recorded at 1027633. 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 $13.98 area where the stock will likely see buying pressure.
Shares of Aspen Technology, Inc. (AZPN) traded higher by 13.76% or $2.69/share to $22.24. In the past year, the shares have traded as low as $12.61 and as high as $21.87. On average, 450150 shares of AZPN exchange hands on a given day and today's volume is recorded at 895329. 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 $20.41 area where the stock will likely see buying pressure.
Shares of Endeavour International Corporation (END) fell by 15.37% or $-1.97/share to $10.85. In the past year, the shares have traded as low as $5.80 and as high as $16.43. On average, 548950 shares of END exchange hands on a given day and today's volume is recorded at 1163492. 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 $12.00 represents resistance and the 200-day moving average of $9.72 would be an area of support.
