Among the most volatile stocks traded on May 28 were: International Tower Hill Mines Ltd, Frontline Ltd, Neutral Tandem, Inc, America's Car-Mart Inc, and Overseas Shipholding Group 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 International Tower Hill Mines Ltd. (THM) traded higher by 9.91% or $0.32/share to $3.55. In the past year, the shares have traded as low as $2.40 and as high as $8.58. On average, 264410 shares of THM exchange hands on a given day and today's volume is recorded at 193945. 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 $3.77 area but be careful because the stock may face selling pressure at this level.
Shares of Frontline Ltd. (FRO) traded higher by 8.03% or $0.40/share to $5.38. In the past year, the shares have traded as low as $2.52 and as high as $18.66. On average, 2592600 shares of FRO exchange hands on a given day and today's volume is recorded at 5091513. 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 $5.44 area where the stock may encounter resistance.
Shares of Neutral Tandem, Inc. (IQNT) traded higher by 2.1% or $0.27/share to $13.35. In the past year, the shares have traded as low as $9.02 and as high as $17.70. On average, 153600 shares of IQNT exchange hands on a given day and today's volume is recorded at 129079. 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 $12.01 area where the stock will likely see buying pressure.
Shares of America's Car-Mart Inc. (CRMT) fell by 8.17% or $-3.68/share to $41.34. In the past year, the shares have traded as low as $23.74 and as high as $48.24. On average, 36900 shares of CRMT exchange hands on a given day and today's volume is recorded at 96058. 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 $44.17 represents resistance and the 200-day moving average of $37.90 would be an area of support.
Shares of Overseas Shipholding Group Inc. (OSG) traded higher by 9.71% or $1.04/share to $11.75. In the past year, the shares have traded as low as $7.86 and as high as $27.72. On average, 869970 shares of OSG exchange hands on a given day and today's volume is recorded at 746767. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $12.35 represents resistance and the 50-day moving average of $10.99 would be an area of support.
