Among the most volatile stocks traded on May 3 were: Synergy Pharmaceuticals, Inc, Corinthian Colleges Inc, ValueClick, Inc, Atlantic Tele-Network, Inc, and Proto Labs, 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 Synergy Pharmaceuticals, Inc. (SGYP) fell by 10.52% or $-0.61/share to $5.19. In the past year, the shares have traded as low as $1.86 and as high as $7.08. On average, 87150 shares of SGYP exchange hands on a given day and today's volume is recorded at 130970. 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 $4.31 area where the stock will likely see buying pressure.
Shares of Corinthian Colleges Inc. (COCO) fell by 9.25% or $-0.36/share to $3.53. In the past year, the shares have traded as low as $1.24 and as high as $5.61. On average, 1731620 shares of COCO exchange hands on a given day and today's volume is recorded at 1181311. 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 $4.17 represents resistance and the 200-day moving average of $3.07 would be an area of support.
Shares of ValueClick, Inc. (VCLK) fell by 25.79% or $-5.57/share to $16.03. In the past year, the shares have traded as low as $13.35 and as high as $21.86. On average, 844920 shares of VCLK exchange hands on a given day and today's volume is recorded at 3059100. 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 $17.53 area where the stock may encounter resistance.
Shares of Atlantic Tele-Network, Inc. (ATNI) traded higher by 16.84% or $5.66/share to $39.28. In the past year, the shares have traded as low as $27.39 and as high as $42.27. On average, 27500 shares of ATNI exchange hands on a given day and today's volume is recorded at 41570. 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 $36.06 area where the stock will likely see buying pressure.
Shares of Proto Labs, Inc. (PRLB) fell by 22.08% or $-8.36/share to $29.5. In the past year, the shares have traded as low as $25.00 and as high as $39.08. On average, 108190 shares of PRLB exchange hands on a given day and today's volume is recorded at 287652. 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 $32.36 area but be careful because the stock may face selling pressure at this level.
