Among the most volatile stocks traded on May 22 were: Express Inc, Renren Inc, Rentech, Inc, Niska Gas Storage Partners LLC, and MGIC Investment Corp. 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 Express Inc. (EXPR) fell by 25.84% or $-5.97/share to $17.12. In the past year, the shares have traded as low as $16.12 and as high as $26.27. On average, 1007870 shares of EXPR exchange hands on a given day and today's volume is recorded at 7707755. 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 $21.82 area where the stock may encounter resistance.
Shares of Renren Inc. (RENN) traded higher by 3.38% or $0.16/share to $4.9. In the past year, the shares have traded as low as $1.82 and as high as $13.35. On average, 10510510 shares of RENN exchange hands on a given day and today's volume is recorded at 3804721. 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 $5.27 area where the stock may encounter resistance.
Shares of Rentech, Inc. (RTK) fell by 0.53% or $-0.01/share to $1.86. In the past year, the shares have traded as low as $0.72 and as high as $2.40. On average, 2532120 shares of RTK exchange hands on a given day and today's volume is recorded at 546594. 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 $2.07 represents resistance and the 200-day moving average of $1.54 would be an area of support.
Shares of Niska Gas Storage Partners LLC (NKA) traded higher by 9.36% or $1.07/share to $12.5. In the past year, the shares have traded as low as $7.95 and as high as $17.78. On average, 219640 shares of NKA exchange hands on a given day and today's volume is recorded at 203466. 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 $10.23 area where the stock will likely see buying pressure.
Shares of MGIC Investment Corp. (MTG) traded higher by 7.2% or $0.17/share to $2.53. In the past year, the shares have traded as low as $1.51 and as high as $8.18. On average, 6301930 shares of MTG exchange hands on a given day and today's volume is recorded at 3760776. 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 $3.36 area where the stock may encounter resistance.
