Among the most volatile stocks traded on May 22 were: Cree, Inc, Generac Holdings Inc, LinkedIn Corporation, Capital Southwest Corporation, and Mueller Water Products, 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 Cree, Inc. (CREE) fell by 5.26% or $-1.53/share to $27.56. In the past year, the shares have traded as low as $20.25 and as high as $33.45. On average, 3067080 shares of CREE exchange hands on a given day and today's volume is recorded at 5456076. 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 $27.60 area where the stock may encounter resistance.
Shares of Generac Holdings Inc. (GNRC) fell by 5.35% or $-1.48/share to $26.16. In the past year, the shares have traded as low as $15.41 and as high as $30.61. On average, 264070 shares of GNRC exchange hands on a given day and today's volume is recorded at 200682. 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 $24.80 area where the stock will likely see buying pressure.
Shares of LinkedIn Corporation (LNKD) traded higher by 8.01% or $7.76/share to $104.6. In the past year, the shares have traded as low as $55.98 and as high as $120.63. On average, 3694690 shares of LNKD exchange hands on a given day and today's volume is recorded at 2924921. 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 $102.75 area where the stock will likely see buying pressure.
Shares of Capital Southwest Corporation (CSWC) fell by 14.07% or $-14.61/share to $89.2. In the past year, the shares have traded as low as $69.44 and as high as $115.78. On average, 5450 shares of CSWC exchange hands on a given day and today's volume is recorded at 10051. 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 $96.08 represents resistance and the 200-day moving average of $87.29 would be an area of support.
Shares of Mueller Water Products, Inc. (MWA) traded higher by 2.97% or $0.10/share to $3.47. In the past year, the shares have traded as low as $1.90 and as high as $4.16. On average, 1382320 shares of MWA exchange hands on a given day and today's volume is recorded at 372626. 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 $3.51 represents resistance and the 200-day moving average of $2.74 would be an area of support.
