Among the most volatile stocks traded on May 4 were: Chefs' Warehouse Holdings LLC, InnerWorkings Inc, InvenSense, Inc, Power Integrations Inc, and Sequenom 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 Chefs' Warehouse Holdings LLC (CHEF) fell by 19.38% or $-4.66/share to $19.39. In the past year, the shares have traded as low as $11.32 and as high as $27.26. On average, 79140 shares of CHEF exchange hands on a given day and today's volume is recorded at 555499. 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 $22.54 represents resistance and the 200-day moving average of $17.52 would be an area of support.
Shares of InnerWorkings Inc. (INWK) fell by 13.79% or $-1.63/share to $10.19. In the past year, the shares have traded as low as $6.52 and as high as $12.24. On average, 241420 shares of INWK exchange hands on a given day and today's volume is recorded at 393473. 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 $11.46 represents resistance and the 200-day moving average of $9.50 would be an area of support.
Shares of InvenSense, Inc. (INVN) fell by 20.66% or $-3.46/share to $13.29. In the past year, the shares have traded as low as $8.25 and as high as $22.35. On average, 2060610 shares of INVN exchange hands on a given day and today's volume is recorded at 3242021. 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 $14.78 area where the stock may encounter resistance.
Shares of Power Integrations Inc. (POWI) traded higher by 17.01% or $6.33/share to $43.54. In the past year, the shares have traded as low as $28.70 and as high as $39.93. On average, 203310 shares of POWI exchange hands on a given day and today's volume is recorded at 879489. 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 $37.27 area where the stock will likely see buying pressure.
Shares of Sequenom Inc. (SQNM) traded higher by 6.85% or $0.36/share to $5.64. In the past year, the shares have traded as low as $3.52 and as high as $8.71. On average, 3257330 shares of SQNM exchange hands on a given day and today's volume is recorded at 7701176. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $4.80 area.
