Among the most volatile stocks traded on May 17 were: Liquidity Services, Inc, Herbalife Ltd, Ambow Education Holding Ltd, Nu Skin Enterprises Inc, and Velti Plc. 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 Liquidity Services, Inc. (LQDT) fell by 10.65% or $-6.58/share to $55.2. In the past year, the shares have traded as low as $18.68 and as high as $66.57. On average, 444950 shares of LQDT exchange hands on a given day and today's volume is recorded at 534332. 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 $51.46 area where the stock will likely see buying pressure.
Shares of Herbalife Ltd. (HLF) fell by 3.63% or $-1.80/share to $47.72. In the past year, the shares have traded as low as $42.16 and as high as $72.53. On average, 3738150 shares of HLF exchange hands on a given day and today's volume is recorded at 6826173. 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 $57.86 area where the stock may encounter resistance.
Shares of Ambow Education Holding Ltd. (AMBO) fell by 7.53% or $-0.35/share to $4.3. In the past year, the shares have traded as low as $4.10 and as high as $8.15. On average, 85460 shares of AMBO exchange hands on a given day and today's volume is recorded at 75664. 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 $6.84 area where the stock may encounter resistance.
Shares of Nu Skin Enterprises Inc. (NUS) fell by 7.92% or $-3.68/share to $42.78. In the past year, the shares have traded as low as $34.67 and as high as $62.02. On average, 1437790 shares of NUS exchange hands on a given day and today's volume is recorded at 2441810. 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 $48.29 area where the stock may encounter resistance.
Shares of Velti Plc (VELT) traded higher by 14.16% or $0.81/share to $6.53. In the past year, the shares have traded as low as $5.61 and as high as $20.00. On average, 1147970 shares of VELT exchange hands on a given day and today's volume is recorded at 3308048. 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 $9.39 area where the stock may encounter resistance.
