Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, May 16, 2012

Volatile Stocks: (VELT), (FNBN), (AMBO), (THLD), (OSUR)

Among the most volatile stocks traded on May 16 were: Velti Plc, FNB United Corp, Ambow Education Holding Ltd, Threshold Pharmaceuticals Inc, and OraSure Technologies 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 Velti Plc (VELT) fell by 17.67% or $-1.52/share to $7.08. In the past year, the shares have traded as low as $6.04 and as high as $20.00. On average, 967950 shares of VELT exchange hands on a given day and today's volume is recorded at 4916341. 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 $9.45 area where the stock may encounter resistance.

Shares of FNB United Corp. (FNBN) traded higher by 27.64% or $5.50/share to $25.4. In the past year, the shares have traded as low as $10.98 and as high as $69.00. On average, 8360 shares of FNBN exchange hands on a given day and today's volume is recorded at 10719. 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 $21.99 area.

Shares of Ambow Education Holding Ltd. (AMBO) fell by 19.5% or $-1.10/share to $4.54. In the past year, the shares have traded as low as $4.56 and as high as $8.15. On average, 77720 shares of AMBO exchange hands on a given day and today's volume is recorded at 134411. 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 $6.85 area where the stock may encounter resistance.

Shares of Threshold Pharmaceuticals Inc. (THLD) traded higher by 10.08% or $0.65/share to $7.1. In the past year, the shares have traded as low as $1.18 and as high as $9.07. On average, 3438750 shares of THLD exchange hands on a given day and today's volume is recorded at 1388075. 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 $6.79 area where the stock will likely see buying pressure.

Shares of OraSure Technologies Inc. (OSUR) traded higher by 21.33% or $1.94/share to $11.04. In the past year, the shares have traded as low as $6.29 and as high as $11.78. On average, 266260 shares of OSUR exchange hands on a given day and today's volume is recorded at 3374421. 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 $10.62 area where the stock will likely see buying pressure.