Among the most volatile stocks traded on May 10 were: Danaos Corporation, Scientific Games Corporation, Aeroflex Holding Corp, MEMC Electronic Materials Inc, and Windstream Corporation. 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 Danaos Corporation (DAC) traded higher by 10.83% or $0.43/share to $4.4. In the past year, the shares have traded as low as $2.65 and as high as $7.48. On average, 25820 shares of DAC exchange hands on a given day and today's volume is recorded at 78923. 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 $3.87 area where the stock will likely see buying pressure.
Shares of Scientific Games Corporation (SGMS) traded higher by 9.78% or $0.89/share to $9.99. In the past year, the shares have traded as low as $6.50 and as high as $13.08. On average, 646430 shares of SGMS exchange hands on a given day and today's volume is recorded at 1345991. 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 $10.90 represents resistance and the 200-day moving average of $9.60 would be an area of support.
Shares of Aeroflex Holding Corp. (ARX) fell by 18.31% or $-1.76/share to $7.85. In the past year, the shares have traded as low as $7.19 and as high as $19.64. On average, 115850 shares of ARX exchange hands on a given day and today's volume is recorded at 122411. 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 $10.68 area where the stock may encounter resistance.
Shares of MEMC Electronic Materials Inc. (WFR) fell by 14.15% or $-0.46/share to $2.79. In the past year, the shares have traded as low as $3.20 and as high as $11.36. On average, 6719360 shares of WFR exchange hands on a given day and today's volume is recorded at 7741160. 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 $3.66 area but be careful because the stock may face selling pressure at this level.
Shares of Windstream Corporation (WIN) fell by 10.57% or $-1.19/share to $10.07. In the past year, the shares have traded as low as $10.11 and as high as $12.51. On average, 6162700 shares of WIN exchange hands on a given day and today's volume is recorded at 23431050. 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 $11.51 area where the stock may encounter resistance.
