Among the most volatile stocks traded on May 7 were: TransGlobe Energy Corp, Spirit Airlines, Inc, Bottomline Technologies Inc, Trex Co. Inc, and ZAGG 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 TransGlobe Energy Corp. (TGA) fell by 10.61% or $-1.41/share to $11.88. In the past year, the shares have traded as low as $6.75 and as high as $15.62. On average, 126400 shares of TGA exchange hands on a given day and today's volume is recorded at 210461. 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 $12.44 represents resistance and the 200-day moving average of $10.02 would be an area of support.
Shares of Spirit Airlines, Inc. (SAVE) traded higher by 0.25% or $0.06/share to $22.59. In the past year, the shares have traded as low as $10.18 and as high as $24.75. On average, 667470 shares of SAVE exchange hands on a given day and today's volume is recorded at 392945. 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 $20.79 area where the stock will likely see buying pressure.
Shares of Bottomline Technologies Inc. (EPAY) fell by 16.04% or $-3.61/share to $18.89. In the past year, the shares have traded as low as $17.73 and as high as $29.90. On average, 196980 shares of EPAY exchange hands on a given day and today's volume is recorded at 186254. 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 $24.12 area where the stock may encounter resistance.
Shares of Trex Co. Inc. (TREX) fell by 2.25% or $-0.72/share to $31.23. In the past year, the shares have traded as low as $14.53 and as high as $33.30. On average, 191710 shares of TREX exchange hands on a given day and today's volume is recorded at 142432. 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 $30.24 area where the stock will likely see buying pressure.
Shares of ZAGG Inc. (ZAGG) fell by 5.94% or $-0.71/share to $11.24. In the past year, the shares have traded as low as $6.40 and as high as $17.10. On average, 1167180 shares of ZAGG exchange hands on a given day and today's volume is recorded at 1105793. 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 $11.43 represents resistance and the 50-day moving average of $10.89 would be an area of support.
