Among the most volatile stocks traded on May 4 were: Bebe Stores, Inc, Merrimack Pharmaceuticals, Inc, Skullcandy, Inc, LeapFrog Enterprises Inc, and Body Central Corp. 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 Bebe Stores, Inc. (BEBE) fell by 16.79% or $-1.35/share to $6.69. In the past year, the shares have traded as low as $5.60 and as high as $9.58. On average, 266130 shares of BEBE exchange hands on a given day and today's volume is recorded at 1728388. 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 $7.87 area where the stock may encounter resistance.
Shares of Merrimack Pharmaceuticals, Inc. (MACK) traded higher by 0.54% or $0.04/share to $7.46. In the past year, the shares have traded as low as $5.81 and as high as $9.00. On average, 316840 shares of MACK exchange hands on a given day and today's volume is recorded at 17950. 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 $7.16 area.
Shares of Skullcandy, Inc. (SKUL) fell by 3.9% or $-0.56/share to $13.8. In the past year, the shares have traded as low as $11.79 and as high as $23.40. On average, 593980 shares of SKUL exchange hands on a given day and today's volume is recorded at 478373. 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 $15.20 area where the stock may encounter resistance.
Shares of LeapFrog Enterprises Inc. (LF) traded higher by 18.82% or $1.69/share to $10.67. In the past year, the shares have traded as low as $2.57 and as high as $9.66. On average, 855990 shares of LF exchange hands on a given day and today's volume is recorded at 2153025. 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 $8.04 area where the stock will likely see buying pressure.
Shares of Body Central Corp. (BODY) fell by 44.9% or $-12.99/share to $15.94. In the past year, the shares have traded as low as $14.61 and as high as $30.94. On average, 196500 shares of BODY exchange hands on a given day and today's volume is recorded at 2207257. 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 $23.07 area where the stock may encounter resistance.
