Among the most volatile stocks traded on August 24 were: Travelzoo Inc, LDK Solar Co., Ltd, Eastman Kodak Co, Temple-Inland Inc, and Freescale Semiconductor 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 Travelzoo Inc. (TZOO) fell by 4.98% or $-1.70/share to $32.47. In the past year, the shares have traded as low as $14.06 and as high as $103.80. On average, 1555170 shares of TZOO exchange hands on a given day and today's volume is recorded at 482947. 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 $55.16 area where the stock may encounter resistance.
Shares of LDK Solar Co., Ltd. (LDK) traded higher by 8.85% or $0.46/share to $5.66. In the past year, the shares have traded as low as $4.65 and as high as $15.10. On average, 6222310 shares of LDK exchange hands on a given day and today's volume is recorded at 1868753. 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 $6.64 area but be careful because the stock may face selling pressure at this level.
Shares of Eastman Kodak Co. (EK) fell by 1.98% or $-0.05/share to $2.72. In the past year, the shares have traded as low as $1.75 and as high as $5.94. On average, 13583800 shares of EK exchange hands on a given day and today's volume is recorded at 1984943. 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 $2.75 area but be careful because the stock may face selling pressure at this level.
Shares of Temple-Inland Inc. (TIN) fell by 11.2% or $-2.78/share to $22.04. In the past year, the shares have traded as low as $15.20 and as high as $31.58. On average, 3204380 shares of TIN exchange hands on a given day and today's volume is recorded at 1972146. 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 $24.29 area where the stock may encounter resistance.
Shares of Freescale Semiconductor Inc. (FSL) fell by 2.01% or $-0.23/share to $11.2. In the past year, the shares have traded as low as $9.43 and as high as $20.97. On average, 1831520 shares of FSL exchange hands on a given day and today's volume is recorded at 397581. 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 $15.82 area but be careful because the stock may face selling pressure at this level.
