Among the most volatile stocks traded on May 31 were: Tilly's, Inc, Movado Group, Inc, Leap Wireless International Inc, United Rentals, Inc, and Calumet Specialty Products Partners LP. 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 Tilly's, Inc. (TLYS) fell by 0.57% or $-0.09/share to $15.59. In the past year, the shares have traded as low as $15.68 and as high as $19.29. On average, 784620 shares of TLYS exchange hands on a given day and today's volume is recorded at 114103. 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 $17.25 area but be careful because the stock may face selling pressure at this level.
Shares of Movado Group, Inc. (MOV) fell by 3.9% or $-1.11/share to $27.36. In the past year, the shares have traded as low as $10.87 and as high as $29.97. On average, 272630 shares of MOV exchange hands on a given day and today's volume is recorded at 347135. 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 $26.06 area where the stock will likely see buying pressure.
Shares of Leap Wireless International Inc. (LEAP) fell by 2.25% or $-0.13/share to $5.64. In the past year, the shares have traded as low as $4.68 and as high as $17.66. On average, 2114370 shares of LEAP exchange hands on a given day and today's volume is recorded at 1975175. 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 $7.11 area but be careful because the stock may face selling pressure at this level.
Shares of United Rentals, Inc. (URI) fell by 6.52% or $-2.39/share to $34.29. In the past year, the shares have traded as low as $12.81 and as high as $47.98. On average, 2631810 shares of URI exchange hands on a given day and today's volume is recorded at 1491838. 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 $41.52 represents resistance and the 200-day moving average of $31.24 would be an area of support.
Shares of Calumet Specialty Products Partners LP (CLMT) fell by 7.98% or $-1.85/share to $21.31. In the past year, the shares have traded as low as $14.88 and as high as $27.74. On average, 381040 shares of CLMT exchange hands on a given day and today's volume is recorded at 371149. 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 $25.16 represents resistance and the 200-day moving average of $20.68 would be an area of support.
