Among the most volatile stocks traded on May 31 were: Midstates Petroleum Company, Inc, U.S. Silica Holdings, Inc, BPZ Resources, Inc, Melco Crown Entertainment Ltd, and Pier 1 Imports, 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 Midstates Petroleum Company, Inc. (MPO) fell by 6.38% or $-0.97/share to $14.26. In the past year, the shares have traded as low as $13.25 and as high as $16.95. On average, 544470 shares of MPO exchange hands on a given day and today's volume is recorded at 471731. 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 $15.02 area but be careful because the stock may face selling pressure at this level.
Shares of U.S. Silica Holdings, Inc. (SLCA) fell by 0.4% or $-0.05/share to $11.34. In the past year, the shares have traded as low as $10.81 and as high as $22.15. On average, 410230 shares of SLCA exchange hands on a given day and today's volume is recorded at 66489. 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 $17.03 area but be careful because the stock may face selling pressure at this level.
Shares of BPZ Resources, Inc. (BPZ) fell by 5.21% or $-0.16/share to $2.91. In the past year, the shares have traded as low as $2.07 and as high as $4.64. On average, 2033760 shares of BPZ exchange hands on a given day and today's volume is recorded at 350494. 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 $3.26 area where the stock may encounter resistance.
Shares of Melco Crown Entertainment Ltd. (MPEL) fell by 4.54% or $-0.55/share to $11.57. In the past year, the shares have traded as low as $7.05 and as high as $16.15. On average, 7315460 shares of MPEL exchange hands on a given day and today's volume is recorded at 8491792. 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 $11.71 area where the stock may encounter resistance.
Shares of Pier 1 Imports, Inc. (PIR) fell by 5.25% or $-0.90/share to $16.24. In the past year, the shares have traded as low as $8.58 and as high as $19.05. On average, 1855950 shares of PIR exchange hands on a given day and today's volume is recorded at 3302627. 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 $17.37 represents resistance and the 200-day moving average of $14.34 would be an area of support.
