Among the most volatile stocks traded on May 2 were: Protalix BioTherapeutics, Inc, Plantronics, Inc, Vishay Intertechnology Inc, Douglas Emmett Inc, and Synergy 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 Protalix BioTherapeutics, Inc. (PLX) traded higher by 15.51% or $0.96/share to $7.15. In the past year, the shares have traded as low as $4.06 and as high as $7.33. On average, 519010 shares of PLX exchange hands on a given day and today's volume is recorded at 6712276. 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 $6.08 area where the stock will likely see buying pressure.
Shares of Plantronics, Inc. (PLT) fell by 11.46% or $-4.35/share to $33.58. In the past year, the shares have traded as low as $27.04 and as high as $40.81. On average, 283880 shares of PLT exchange hands on a given day and today's volume is recorded at 693479. 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 $34.80 area where the stock may encounter resistance.
Shares of Vishay Intertechnology Inc. (VSH) traded higher by 8.19% or $0.92/share to $12.16. In the past year, the shares have traded as low as $7.94 and as high as $19.36. On average, 1738300 shares of VSH exchange hands on a given day and today's volume is recorded at 1140696. 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 $11.78 area where the stock will likely see buying pressure.
Shares of Douglas Emmett Inc (DEI) fell by 3.04% or $-0.72/share to $22.83. In the past year, the shares have traded as low as $14.89 and as high as $23.73. On average, 1434330 shares of DEI exchange hands on a given day and today's volume is recorded at 593254. 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 $22.22 area where the stock will likely see buying pressure.
Shares of Synergy Pharmaceuticals, Inc. (SGYP) traded higher by 1.21% or $0.07/share to $5.85. In the past year, the shares have traded as low as $1.86 and as high as $7.08. On average, 85300 shares of SGYP exchange hands on a given day and today's volume is recorded at 78062. 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 $4.28 area where the stock will likely see buying pressure.
