Among the most volatile stocks traded on May 29 were: Deltek, Inc, E-House (China) Holdings Limited, Extorre Gold Mines Limited, Ellie Mae, Inc. Common Stock, and Pandora Media, 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 Deltek, Inc (PROJ) fell by 4.71% or $-0.51/share to $10.31. In the past year, the shares have traded as low as $5.47 and as high as $11.64. On average, 79050 shares of PROJ exchange hands on a given day and today's volume is recorded at 62363. 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 $10.46 represents resistance and the 200-day moving average of $8.92 would be an area of support.
Shares of E-House (China) Holdings Limited (EJ) traded higher by 6.62% or $0.37/share to $5.96. In the past year, the shares have traded as low as $3.92 and as high as $10.43. On average, 287910 shares of EJ exchange hands on a given day and today's volume is recorded at 154621. 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 $5.98 area where the stock may encounter resistance.
Shares of Extorre Gold Mines Limited (XG) fell by 6.75% or $-0.23/share to $3.12. In the past year, the shares have traded as low as $2.15 and as high as $15.40. On average, 170090 shares of XG exchange hands on a given day and today's volume is recorded at 269246. 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 $4.55 area but be careful because the stock may face selling pressure at this level.
Shares of Ellie Mae, Inc. Common Stock (ELLI) traded higher by 5.09% or $0.79/share to $16.34. In the past year, the shares have traded as low as $3.46 and as high as $15.80. On average, 120320 shares of ELLI exchange hands on a given day and today's volume is recorded at 135913. 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 $12.79 area where the stock will likely see buying pressure.
Shares of Pandora Media, Inc. (P) fell by 5.85% or $-0.69/share to $11.1. In the past year, the shares have traded as low as $7.83 and as high as $26.00. On average, 3519470 shares of P exchange hands on a given day and today's volume is recorded at 2610035. 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 $11.71 represents resistance and the 50-day moving average of $9.59 would be an area of support.
