Among the most volatile stocks traded on May 23 were: Trina Solar Limited, Consolidated Communications Holdings Inc, Westport Innovations Inc, Diamond Foods, Inc, and Dycom Industries 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 Trina Solar Limited (TSL) fell by 1.88% or $-0.10/share to $5.23. In the past year, the shares have traded as low as $5.20 and as high as $23.64. On average, 3059180 shares of TSL exchange hands on a given day and today's volume is recorded at 2030297. 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 $7.04 area but be careful because the stock may face selling pressure at this level.
Shares of Consolidated Communications Holdings Inc. (CNSL) fell by 8.97% or $-1.42/share to $14.41. In the past year, the shares have traded as low as $15.75 and as high as $19.74. On average, 159690 shares of CNSL exchange hands on a given day and today's volume is recorded at 793134. 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 $18.06 area where the stock may encounter resistance.
Shares of Westport Innovations Inc. (WPRT) traded higher by 2.24% or $0.59/share to $26.95. In the past year, the shares have traded as low as $19.66 and as high as $50.19. On average, 2737900 shares of WPRT exchange hands on a given day and today's volume is recorded at 944067. 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 $32.47 area where the stock may encounter resistance.
Shares of Diamond Foods, Inc. (DMND) fell by 0.95% or $-0.22/share to $22.93. In the past year, the shares have traded as low as $20.01 and as high as $95.94. On average, 896320 shares of DMND exchange hands on a given day and today's volume is recorded at 1100351. 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 $42.35 represents resistance and the 50-day moving average of $22.63 would be an area of support.
Shares of Dycom Industries Inc. (DY) fell by 7.08% or $-1.50/share to $19.7. In the past year, the shares have traded as low as $12.26 and as high as $23.96. On average, 325070 shares of DY exchange hands on a given day and today's volume is recorded at 238193. 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 $20.11 area where the stock may encounter resistance.
