Among the most volatile stocks traded on May 9 were: EnergySolutions, Inc, Tangoe, Inc, Chiquita Brands International Inc, TETRA Technologies Inc, and Kronos Worldwide 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 EnergySolutions, Inc (ES) fell by 15.22% or $-0.63/share to $3.51. In the past year, the shares have traded as low as $2.76 and as high as $5.94. On average, 747820 shares of ES exchange hands on a given day and today's volume is recorded at 1442916. 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 $3.80 area where the stock may encounter resistance.
Shares of Tangoe, Inc. (TNGO) traded higher by 13.47% or $2.60/share to $21.9. In the past year, the shares have traded as low as $8.01 and as high as $21.74. On average, 615380 shares of TNGO exchange hands on a given day and today's volume is recorded at 776861. 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 $19.07 area where the stock will likely see buying pressure.
Shares of Chiquita Brands International Inc. (CQB) fell by 31.67% or $-2.54/share to $5.48. In the past year, the shares have traded as low as $7.53 and as high as $15.47. On average, 360330 shares of CQB exchange hands on a given day and today's volume is recorded at 1402078. 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 $8.84 area but be careful because the stock may face selling pressure at this level.
Shares of TETRA Technologies Inc. (TTI) fell by 15.49% or $-1.27/share to $6.93. In the past year, the shares have traded as low as $6.77 and as high as $14.50. On average, 640290 shares of TTI exchange hands on a given day and today's volume is recorded at 366873. 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 $9.00 area but be careful because the stock may face selling pressure at this level.
Shares of Kronos Worldwide Inc. (KRO) fell by 7.24% or $-1.65/share to $21.2. In the past year, the shares have traded as low as $13.95 and as high as $33.75. On average, 726520 shares of KRO exchange hands on a given day and today's volume is recorded at 817407. 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 $21.48 area where the stock may encounter resistance.
