Among the most volatile stocks traded on May 17 were: Banro Corporation, Pretium Resources Inc, Universal Display Corp, AVEO Pharmaceuticals, Inc, and YPF S.A. 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 Banro Corporation (BAA) traded higher by 13.41% or $0.46/share to $3.89. In the past year, the shares have traded as low as $2.81 and as high as $6.05. On average, 294210 shares of BAA exchange hands on a given day and today's volume is recorded at 144301. 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 $4.32 area where the stock may encounter resistance.
Shares of Pretium Resources Inc. (PVG) traded higher by 8.83% or $0.97/share to $11.95. In the past year, the shares have traded as low as $7.98 and as high as $18.43. On average, 124860 shares of PVG exchange hands on a given day and today's volume is recorded at 87350. 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 $12.84 area where the stock may encounter resistance.
Shares of Universal Display Corp. (PANL) fell by 7.08% or $-2.28/share to $29.94. In the past year, the shares have traded as low as $22.73 and as high as $60.28. On average, 1111560 shares of PANL exchange hands on a given day and today's volume is recorded at 2073047. 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 $38.22 area but be careful because the stock may face selling pressure at this level.
Shares of AVEO Pharmaceuticals, Inc. (AVEO) fell by 5.48% or $-0.69/share to $11.9. In the past year, the shares have traded as low as $10.40 and as high as $21.55. On average, 342280 shares of AVEO exchange hands on a given day and today's volume is recorded at 1365494. 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 $11.92 area but be careful because the stock may face selling pressure at this level.
Shares of YPF S.A. (YPF) fell by 7.52% or $-0.99/share to $12.19. In the past year, the shares have traded as low as $11.79 and as high as $44.42. On average, 1913080 shares of YPF exchange hands on a given day and today's volume is recorded at 368850. 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 $20.89 area but be careful because the stock may face selling pressure at this level.
