Among the most volatile stocks traded on May 14 were: OraSure Technologies Inc, Towers Watson & Co, Clearwire Corporation, E-Commerce China Dangdang Inc, and Francesca's Holdings 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 OraSure Technologies Inc. (OSUR) fell by 8.17% or $-0.81/share to $9.05. In the past year, the shares have traded as low as $6.29 and as high as $11.79. On average, 271390 shares of OSUR exchange hands on a given day and today's volume is recorded at 389603. 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 $9.38 area where the stock may encounter resistance.
Shares of Towers Watson & Co. (TW) fell by 1.49% or $-0.98/share to $64.79. In the past year, the shares have traded as low as $51.45 and as high as $68.08. On average, 303840 shares of TW exchange hands on a given day and today's volume is recorded at 194316. 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 $65.00 represents resistance and the 200-day moving average of $61.78 would be an area of support.
Shares of Clearwire Corporation (CLWR) fell by 3.17% or $-0.04/share to $1.22. In the past year, the shares have traded as low as $1.24 and as high as $4.77. On average, 15725730 shares of CLWR exchange hands on a given day and today's volume is recorded at 3580195. 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 $1.94 area but be careful because the stock may face selling pressure at this level.
Shares of E-Commerce China Dangdang Inc. (DANG) traded higher by 0.99% or $0.07/share to $7.15. In the past year, the shares have traded as low as $4.11 and as high as $22.45. On average, 3291180 shares of DANG exchange hands on a given day and today's volume is recorded at 612102. 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 $8.00 represents resistance and the 200-day moving average of $6.81 would be an area of support.
Shares of Francesca's Holdings Corporation (FRAN) traded higher by 3.79% or $0.91/share to $24.93. In the past year, the shares have traded as low as $15.22 and as high as $33.93. On average, 713830 shares of FRAN exchange hands on a given day and today's volume is recorded at 1326084. 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 $28.99 represents resistance and the 200-day moving average of $23.49 would be an area of support.
