Among the most volatile stocks traded on May 24 were: hhgregg, Inc, Pandora Media, Inc, InvenSense, Inc, Electro Rent Corp, and MEMC Electronic Materials 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 hhgregg, Inc. (HGG) traded higher by 5.47% or $0.54/share to $10.42. In the past year, the shares have traded as low as $8.88 and as high as $16.65. On average, 264220 shares of HGG exchange hands on a given day and today's volume is recorded at 438267. 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 Pandora Media, Inc. (P) traded higher by 17.62% or $1.82/share to $12.15. In the past year, the shares have traded as low as $7.83 and as high as $26.00. On average, 3304410 shares of P exchange hands on a given day and today's volume is recorded at 7293819. 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 $11.71 area.
Shares of InvenSense, Inc. (INVN) fell by 3.88% or $-0.41/share to $10.15. In the past year, the shares have traded as low as $8.25 and as high as $22.35. On average, 2301450 shares of INVN exchange hands on a given day and today's volume is recorded at 274406. 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 $14.43 area where the stock may encounter resistance.
Shares of Electro Rent Corp. (ELRC) fell by 1.94% or $-0.28/share to $14.12. In the past year, the shares have traded as low as $12.35 and as high as $19.35. On average, 53490 shares of ELRC exchange hands on a given day and today's volume is recorded at 10047. 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 $15.86 area where the stock may encounter resistance.
Shares of MEMC Electronic Materials Inc. (WFR) fell by 2.38% or $-0.04/share to $1.64. In the past year, the shares have traded as low as $1.53 and as high as $10.61. On average, 7498890 shares of WFR exchange hands on a given day and today's volume is recorded at 790674. 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 $3.30 area but be careful because the stock may face selling pressure at this level.
