Among the most volatile stocks traded on October 20 were: Waste Management, Inc, HNI Corp, Grupo Financiero Galicia S.A, Briggs & Stratton Corp, and IDEX Corporation. 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 Waste Management, Inc. (WM) traded higher by 0.03% or $0.01/share to $33.02. In the past year, the shares have traded as low as $27.47 and as high as $38.94. On average, 6772100 shares of WM exchange hands on a given day and today's volume is recorded at 1061592. 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 $35.21 represents resistance and the 50-day moving average of $31.63 would be an area of support.
Shares of HNI Corp. (HNI) fell by 6.39% or $-1.42/share to $20.81. In the past year, the shares have traded as low as $15.58 and as high as $35.43. On average, 320840 shares of HNI exchange hands on a given day and today's volume is recorded at 315151. 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 $25.01 represents resistance and the 50-day moving average of $18.87 would be an area of support.
Shares of Grupo Financiero Galicia S.A. (GGAL) fell by 0.76% or $-0.07/share to $9.13. In the past year, the shares have traded as low as $7.18 and as high as $17.03. On average, 251140 shares of GGAL exchange hands on a given day and today's volume is recorded at 16905. 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 $10.28 area but be careful because the stock may face selling pressure at this level.
Shares of Briggs & Stratton Corp. (BGG) fell by 1.4% or $-0.21/share to $14.79. In the past year, the shares have traded as low as $12.33 and as high as $23.87. On average, 729140 shares of BGG exchange hands on a given day and today's volume is recorded at 141802. 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 $18.70 represents resistance and the 50-day moving average of $14.55 would be an area of support.
Shares of IDEX Corporation (IEX) fell by 2.64% or $-0.92/share to $33.88. In the past year, the shares have traded as low as $29.14 and as high as $47.08. On average, 592700 shares of IEX exchange hands on a given day and today's volume is recorded at 321837. 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 $40.18 represents resistance and the 50-day moving average of $33.87 would be an area of support.
