Among the most volatile stocks traded on May 25 were: Idenix Pharmaceuticals Inc, Ship Finance International Limited, Mentor Graphics Corp, Overseas Shipholding Group Inc, and Select Comfort 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 Idenix Pharmaceuticals Inc. (IDIX) fell by 3.27% or $-0.33/share to $9.75. In the past year, the shares have traded as low as $4.03 and as high as $15.25. On average, 1518130 shares of IDIX exchange hands on a given day and today's volume is recorded at 808592. 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 $8.96 area where the stock will likely see buying pressure.
Shares of Ship Finance International Limited (SFL) traded higher by 5.93% or $0.89/share to $15.9. In the past year, the shares have traded as low as $8.42 and as high as $17.52. On average, 421790 shares of SFL exchange hands on a given day and today's volume is recorded at 485566. 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 $13.94 area where the stock will likely see buying pressure.
Shares of Mentor Graphics Corp. (MENT) fell by 7.1% or $-1.08/share to $14.13. In the past year, the shares have traded as low as $8.50 and as high as $15.76. On average, 872360 shares of MENT exchange hands on a given day and today's volume is recorded at 717636. 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 $14.51 represents resistance and the 200-day moving average of $12.77 would be an area of support.
Shares of Overseas Shipholding Group Inc. (OSG) traded higher by 4.86% or $0.52/share to $11.23. In the past year, the shares have traded as low as $7.86 and as high as $27.72. On average, 869970 shares of OSG exchange hands on a given day and today's volume is recorded at 178805. 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 $12.35 represents resistance and the 50-day moving average of $10.99 would be an area of support.
Shares of Select Comfort Corporation (SCSS) traded higher by 7.09% or $1.88/share to $28.45. In the past year, the shares have traded as low as $11.89 and as high as $35.60. On average, 1445380 shares of SCSS exchange hands on a given day and today's volume is recorded at 636232. 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 $30.65 represents resistance and the 200-day moving average of $23.22 would be an area of support.
