Among the most volatile stocks traded on May 11 were: Arena Pharmaceuticals, Inc, Career Education Corp, American Public Education, Inc, Alere Inc, and KEMET 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 Arena Pharmaceuticals, Inc. (ARNA) traded higher by 65.35% or $2.39/share to $6.05. In the past year, the shares have traded as low as $1.23 and as high as $3.66. On average, 11263140 shares of ARNA exchange hands on a given day and today's volume is recorded at 34473180. 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 $2.42 area where the stock will likely see buying pressure.
Shares of Career Education Corp. (CECO) fell by 13.43% or $-0.94/share to $6.06. In the past year, the shares have traded as low as $6.22 and as high as $27.60. On average, 1136290 shares of CECO exchange hands on a given day and today's volume is recorded at 1429840. 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 $7.62 area but be careful because the stock may face selling pressure at this level.
Shares of American Public Education, Inc. (APEI) fell by 4.77% or $-1.52/share to $30.35. In the past year, the shares have traded as low as $27.20 and as high as $49.29. On average, 201980 shares of APEI exchange hands on a given day and today's volume is recorded at 430920. 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 $36.63 area but be careful because the stock may face selling pressure at this level.
Shares of Alere Inc. (ALR) fell by 18.7% or $-4.17/share to $18.13. In the past year, the shares have traded as low as $17.82 and as high as $41.18. On average, 679230 shares of ALR exchange hands on a given day and today's volume is recorded at 1368030. 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 $23.83 area where the stock may encounter resistance.
Shares of KEMET Corp. (KEM) fell by 12.23% or $-0.92/share to $6.6. In the past year, the shares have traded as low as $6.40 and as high as $16.74. On average, 324590 shares of KEM exchange hands on a given day and today's volume is recorded at 1011824. 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 $8.76 area where the stock may encounter resistance.
