Among the most volatile stocks traded on May 2 were: Keynote Systems Inc, Higher One Inc, Digital Domain Media Group, Inc, Sunrise Senior Living Inc, and CEVA 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 Keynote Systems Inc. (KEYN) fell by 13.57% or $-2.41/share to $15.35. In the past year, the shares have traded as low as $15.78 and as high as $25.78. On average, 108350 shares of KEYN exchange hands on a given day and today's volume is recorded at 243246. 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 $19.05 area but be careful because the stock may face selling pressure at this level.
Shares of Higher One Inc. (ONE) traded higher by 1.83% or $0.28/share to $15.31. In the past year, the shares have traded as low as $13.49 and as high as $21.49. On average, 624010 shares of ONE exchange hands on a given day and today's volume is recorded at 271567. 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 $15.67 area but be careful because the stock may face selling pressure at this level.
Shares of Digital Domain Media Group, Inc. (DDMG) fell by 6.78% or $-0.61/share to $8.39. In the past year, the shares have traded as low as $4.90 and as high as $9.20. On average, 109240 shares of DDMG exchange hands on a given day and today's volume is recorded at 199635. 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 $6.01 area where the stock will likely see buying pressure.
Shares of Sunrise Senior Living Inc. (SRZ) traded higher by 14.31% or $0.89/share to $7.11. In the past year, the shares have traded as low as $3.68 and as high as $10.65. On average, 562600 shares of SRZ exchange hands on a given day and today's volume is recorded at 462954. 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 $6.98 area where the stock will likely see buying pressure.
Shares of CEVA Inc. (CEVA) fell by 13.51% or $-3.05/share to $19.53. In the past year, the shares have traded as low as $20.17 and as high as $35.60. On average, 302120 shares of CEVA exchange hands on a given day and today's volume is recorded at 585049. 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 $22.86 area but be careful because the stock may face selling pressure at this level.
