Among the most volatile stocks traded on May 10 were: Quad/Graphics, Inc, InfoSpace, Inc, AMC Networks Inc, Cninsure Inc, and SciClone Pharmaceuticals, 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 Quad/Graphics, Inc. (QUAD) traded higher by 8.29% or $1.02/share to $13.33. In the past year, the shares have traded as low as $11.03 and as high as $40.91. On average, 273570 shares of QUAD exchange hands on a given day and today's volume is recorded at 657764. 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 $13.35 area but be careful because the stock may face selling pressure at this level.
Shares of InfoSpace, Inc. (INSP) traded higher by 25.96% or $2.85/share to $13.83. In the past year, the shares have traded as low as $7.96 and as high as $13.79. On average, 362030 shares of INSP exchange hands on a given day and today's volume is recorded at 1041727. 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 $12.16 area where the stock will likely see buying pressure.
Shares of AMC Networks Inc. (AMCX) traded higher by 3.32% or $1.32/share to $40.94. In the past year, the shares have traded as low as $29.66 and as high as $46.70. On average, 423170 shares of AMCX exchange hands on a given day and today's volume is recorded at 506888. 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 $43.69 represents resistance and the 200-day moving average of $38.28 would be an area of support.
Shares of Cninsure Inc. (CISG) fell by 10.19% or $-0.79/share to $7.0. In the past year, the shares have traded as low as $5.23 and as high as $17.70. On average, 172730 shares of CISG exchange hands on a given day and today's volume is recorded at 139257. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $7.92 represents resistance and the 50-day moving average of $6.23 would be an area of support.
Shares of SciClone Pharmaceuticals, Inc. (SCLN) fell by 1.86% or $-0.11/share to $5.8. In the past year, the shares have traded as low as $3.41 and as high as $6.97. On average, 357910 shares of SCLN exchange hands on a given day and today's volume is recorded at 351637. 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 $5.99 represents resistance and the 200-day moving average of $4.92 would be an area of support.
