Among the most volatile stocks traded on May 30 were: EXCO Resources Inc, Sears Holdings Corporation, Threshold Pharmaceuticals Inc, Booz Allen Hamilton Inc, and ZAGG 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 EXCO Resources Inc. (XCO) fell by 7.7% or $-0.61/share to $7.31. In the past year, the shares have traded as low as $5.65 and as high as $20.00. On average, 6258040 shares of XCO exchange hands on a given day and today's volume is recorded at 2665651. 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 $9.42 represents resistance and the 50-day moving average of $6.89 would be an area of support.
Shares of Sears Holdings Corporation (SHLD) fell by 7.97% or $-4.58/share to $52.92. In the past year, the shares have traded as low as $28.89 and as high as $85.90. On average, 1325410 shares of SHLD exchange hands on a given day and today's volume is recorded at 1035618. 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 $58.51 area where the stock may encounter resistance.
Shares of Threshold Pharmaceuticals Inc. (THLD) traded higher by 4.9% or $0.34/share to $7.28. In the past year, the shares have traded as low as $1.18 and as high as $9.07. On average, 2491670 shares of THLD exchange hands on a given day and today's volume is recorded at 577191. 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 $6.87 area where the stock will likely see buying pressure.
Shares of Booz Allen Hamilton Inc. (BAH) traded higher by 14.45% or $2.15/share to $17.03. In the past year, the shares have traded as low as $13.26 and as high as $20.01. On average, 244190 shares of BAH exchange hands on a given day and today's volume is recorded at 674632. 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 $16.51 area where the stock will likely see buying pressure.
Shares of ZAGG Inc. (ZAGG) fell by 5.57% or $-0.65/share to $11.01. In the past year, the shares have traded as low as $6.40 and as high as $17.10. On average, 1046480 shares of ZAGG exchange hands on a given day and today's volume is recorded at 372147. 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 $11.12 area where the stock may encounter resistance.
