Among the most volatile stocks traded on August 24 were: Coca-Cola FEMSA S.A.B de C.V, La-Z-Boy Inc, rue21, Inc, MGM Resorts International, and Richmont Mines 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 Coca-Cola FEMSA S.A.B de C.V. (KOF) fell by 1.22% or $-1.19/share to $96.07. In the past year, the shares have traded as low as $69.21 and as high as $99.86. On average, 64629 shares of KOF exchange hands on a given day and today's volume is recorded at 11967. 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 $93.06 area where the stock will likely see buying pressure.
Shares of La-Z-Boy Inc. (LZB) traded higher by 0.66% or $0.05/share to $7.68. In the past year, the shares have traded as low as $6.47 and as high as $11.84. On average, 732630 shares of LZB exchange hands on a given day and today's volume is recorded at 472053. 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 $9.00 area but be careful because the stock may face selling pressure at this level.
Shares of rue21, Inc. (RUE) traded higher by 3.8% or $1.00/share to $27.33. In the past year, the shares have traded as low as $20.28 and as high as $37.33. On average, 347630 shares of RUE exchange hands on a given day and today's volume is recorded at 98719. 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 $30.69 area where the stock may encounter resistance.
Shares of MGM Resorts International (MGM) traded higher by 7.46% or $0.69/share to $9.94. In the past year, the shares have traded as low as $8.92 and as high as $16.94. On average, 24517150 shares of MGM exchange hands on a given day and today's volume is recorded at 9649040. 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 $13.17 area but be careful because the stock may face selling pressure at this level.
Shares of Richmont Mines Inc. (RIC) fell by 9.15% or $-0.89/share to $8.84. In the past year, the shares have traded as low as $4.24 and as high as $10.16. On average, 383050 shares of RIC exchange hands on a given day and today's volume is recorded at 294193. 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 $7.98 area where the stock will likely see buying pressure.
