Among the most volatile stocks traded on May 11 were: Black Box Corp, Net 1 Ueps Technologies Inc, Air Transport Services Group, Inc, Live Nation Entertainment, Inc, and Leap Wireless International 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 Black Box Corp. (BBOX) traded higher by 2.97% or $0.65/share to $22.57. In the past year, the shares have traded as low as $19.70 and as high as $31.86. On average, 69390 shares of BBOX exchange hands on a given day and today's volume is recorded at 49305. 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 $24.44 area but be careful because the stock may face selling pressure at this level.
Shares of Net 1 Ueps Technologies Inc. (UEPS) traded higher by 12.71% or $1.13/share to $10.02. In the past year, the shares have traded as low as $5.77 and as high as $11.21. On average, 106470 shares of UEPS exchange hands on a given day and today's volume is recorded at 50850. 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 $9.02 area where the stock will likely see buying pressure.
Shares of Air Transport Services Group, Inc. (ATSG) traded higher by 9.61% or $0.49/share to $5.64. In the past year, the shares have traded as low as $3.86 and as high as $8.01. On average, 203000 shares of ATSG exchange hands on a given day and today's volume is recorded at 172305. 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 $5.47 area where the stock will likely see buying pressure.
Shares of Live Nation Entertainment, Inc. (LYV) traded higher by 6.52% or $0.59/share to $9.64. In the past year, the shares have traded as low as $7.14 and as high as $12.44. On average, 1071400 shares of LYV exchange hands on a given day and today's volume is recorded at 1951053. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $9.12 area.
Shares of Leap Wireless International Inc. (LEAP) traded higher by 11.96% or $0.64/share to $6.0. In the past year, the shares have traded as low as $4.68 and as high as $17.66. On average, 2023010 shares of LEAP exchange hands on a given day and today's volume is recorded at 3126764. 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 $8.23 area but be careful because the stock may face selling pressure at this level.
