Among the most volatile stocks traded on May 9 were: Diodes Incorporated, The Washington Post Company, Simcere Pharmaceutical Group, Tanzanian Royalty Exploration Corp, and Hilltop Holdings 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 Diodes Incorporated (DIOD) fell by 9.98% or $-2.13/share to $19.21. In the past year, the shares have traded as low as $16.74 and as high as $33.80. On average, 258570 shares of DIOD exchange hands on a given day and today's volume is recorded at 185781. 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 $21.68 area where the stock may encounter resistance.
Shares of The Washington Post Company (WPO) traded higher by 0.04% or $0.14/share to $345.15. In the past year, the shares have traded as low as $302.47 and as high as $443.58. On average, 25630 shares of WPO exchange hands on a given day and today's volume is recorded at 14850. 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 $360.36 area where the stock may encounter resistance.
Shares of Simcere Pharmaceutical Group. (SCR) fell by 0.67% or $-0.06/share to $8.94. In the past year, the shares have traded as low as $7.12 and as high as $12.66. On average, 31670 shares of SCR exchange hands on a given day and today's volume is recorded at 14097. 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 $8.94 area.
Shares of Tanzanian Royalty Exploration Corp. (TRX) traded higher by 3.5% or $0.14/share to $4.14. In the past year, the shares have traded as low as $1.56 and as high as $7.82. On average, 845040 shares of TRX exchange hands on a given day and today's volume is recorded at 230559. 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 $4.63 represents resistance and the 200-day moving average of $4.11 would be an area of support.
Shares of Hilltop Holdings Inc. (HTH) traded higher by 20.11% or $1.60/share to $9.56. In the past year, the shares have traded as low as $6.88 and as high as $10.03. On average, 95230 shares of HTH exchange hands on a given day and today's volume is recorded at 395206. 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 $8.16 area where the stock will likely see buying pressure.
