Among the most volatile stocks traded on May 15 were: Lone Pine Resources Inc, Spanish Broadcasting System Inc, OPNET Technologies Inc, Arctic Cat Inc, and Vantage Drilling Company. 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 Lone Pine Resources Inc. (LPR) fell by 24.14% or $-1.19/share to $3.74. In the past year, the shares have traded as low as $4.87 and as high as $13.09. On average, 407160 shares of LPR exchange hands on a given day and today's volume is recorded at 1212365. 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 $6.32 area but be careful because the stock may face selling pressure at this level.
Shares of Spanish Broadcasting System Inc. (SBSA) fell by 26.61% or $-1.69/share to $4.66. In the past year, the shares have traded as low as $0.95 and as high as $9.10. On average, 207200 shares of SBSA exchange hands on a given day and today's volume is recorded at 155761. 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 $5.56 represents resistance and the 200-day moving average of $3.64 would be an area of support.
Shares of OPNET Technologies Inc. (OPNT) traded higher by 23.74% or $5.25/share to $27.36. In the past year, the shares have traded as low as $22.08 and as high as $47.63. On average, 235470 shares of OPNT exchange hands on a given day and today's volume is recorded at 591395. 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 $33.16 represents resistance and the 50-day moving average of $26.17 would be an area of support.
Shares of Arctic Cat Inc. (ACAT) fell by 14.89% or $-6.30/share to $36.01. In the past year, the shares have traded as low as $11.55 and as high as $47.46. On average, 232910 shares of ACAT exchange hands on a given day and today's volume is recorded at 776996. 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 $42.52 represents resistance and the 200-day moving average of $26.21 would be an area of support.
Shares of Vantage Drilling Company (VTG) fell by 1.96% or $-0.03/share to $1.5. In the past year, the shares have traded as low as $0.97 and as high as $2.02. On average, 1425220 shares of VTG exchange hands on a given day and today's volume is recorded at 1014365. 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 $1.54 represents resistance and the 200-day moving average of $1.33 would be an area of support.
