Among the most volatile stocks traded on May 3 were: Prestige Brands Holdings, Inc, Exlservice Holdings, Inc, Smart Balance, Inc, ZAGG Inc, and United Online, 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 Prestige Brands Holdings, Inc. (PBH) fell by 15.04% or $-2.47/share to $13.95. In the past year, the shares have traded as low as $8.15 and as high as $17.86. On average, 608080 shares of PBH exchange hands on a given day and today's volume is recorded at 3379637. 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 $17.12 represents resistance and the 200-day moving average of $12.34 would be an area of support.
Shares of Exlservice Holdings, Inc. (EXLS) fell by 10.78% or $-3.00/share to $24.84. In the past year, the shares have traded as low as $21.18 and as high as $28.85. On average, 149630 shares of EXLS exchange hands on a given day and today's volume is recorded at 385070. 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 $25.09 area where the stock may encounter resistance.
Shares of Smart Balance, Inc (SMBL) fell by 9.04% or $-0.51/share to $5.13. In the past year, the shares have traded as low as $4.47 and as high as $7.15. On average, 348110 shares of SMBL exchange hands on a given day and today's volume is recorded at 332681. 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 $5.62 area where the stock may encounter resistance.
Shares of ZAGG Inc. (ZAGG) fell by 12.15% or $-1.57/share to $11.35. In the past year, the shares have traded as low as $6.40 and as high as $17.10. On average, 1116230 shares of ZAGG exchange hands on a given day and today's volume is recorded at 1098873. 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 $11.47 represents resistance and the 50-day moving average of $10.79 would be an area of support.
Shares of United Online, Inc. (UNTD) fell by 12.34% or $-0.59/share to $4.19. In the past year, the shares have traded as low as $4.50 and as high as $6.17. On average, 823320 shares of UNTD exchange hands on a given day and today's volume is recorded at 1111614. 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 $4.84 area but be careful because the stock may face selling pressure at this level.
