Among the most volatile stocks traded on May 1 were: Synergy Pharmaceuticals, Inc, Central European Media Enterprises Ltd, Changyou.com Limited, ServiceSource Corporation, and Sears Holdings Corporation. 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 Synergy Pharmaceuticals, Inc. (SGYP) fell by 2.19% or $-0.13/share to $5.8. In the past year, the shares have traded as low as $1.86 and as high as $7.08. On average, 77590 shares of SGYP exchange hands on a given day and today's volume is recorded at 97500. 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 $4.25 area where the stock will likely see buying pressure.
Shares of Central European Media Enterprises Ltd. (CETV) traded higher by 18.84% or $1.49/share to $9.4. In the past year, the shares have traded as low as $5.89 and as high as $23.80. On average, 444250 shares of CETV exchange hands on a given day and today's volume is recorded at 875401. 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 $9.36 area.
Shares of Changyou.com Limited (CYOU) fell by 0.54% or $-0.13/share to $24.09. In the past year, the shares have traded as low as $20.71 and as high as $52.00. On average, 299170 shares of CYOU exchange hands on a given day and today's volume is recorded at 232602. 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 $26.55 area but be careful because the stock may face selling pressure at this level.
Shares of ServiceSource Corporation (SREV) fell by 6.63% or $-1.10/share to $15.48. In the past year, the shares have traded as low as $11.80 and as high as $23.60. On average, 713560 shares of SREV exchange hands on a given day and today's volume is recorded at 602046. 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 $15.52 area where the stock may encounter resistance.
Shares of Sears Holdings Corporation (SHLD) traded higher by 12.7% or $6.83/share to $60.61. In the past year, the shares have traded as low as $28.89 and as high as $86.72. On average, 1519090 shares of SHLD exchange hands on a given day and today's volume is recorded at 1576325. 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 $66.11 represents resistance and the 200-day moving average of $59.90 would be an area of support.
