Among the most volatile stocks traded on December 12 were: Vulcan Materials Company, Ladenburg Thalmann Financial Services Inc, Texas Industries Inc, Martin Marietta Materials Inc, and Lake Shore Gold Corp. 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 Vulcan Materials Company (VMC) traded higher by 22.21% or $7.45/share to $41.0. In the past year, the shares have traded as low as $25.05 and as high as $47.29. On average, 1651610 shares of VMC exchange hands on a given day and today's volume is recorded at 637822. 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 $36.22 area.
Shares of Ladenburg Thalmann Financial Services Inc. (LTS) fell by 1.98% or $-0.05/share to $2.47. In the past year, the shares have traded as low as $0.96 and as high as $2.54. On average, 471100 shares of LTS exchange hands on a given day and today's volume is recorded at 45940. 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 $1.90 area where the stock will likely see buying pressure.
Shares of Texas Industries Inc. (TXI) traded higher by 4.32% or $1.23/share to $29.73. In the past year, the shares have traded as low as $21.89 and as high as $47.15. On average, 422760 shares of TXI exchange hands on a given day and today's volume is recorded at 891341. 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 $36.44 represents resistance and the 50-day moving average of $28.97 would be an area of support.
Shares of Martin Marietta Materials Inc. (MLM) traded higher by 5.1% or $3.74/share to $77.11. In the past year, the shares have traded as low as $59.60 and as high as $93.05. On average, 449210 shares of MLM exchange hands on a given day and today's volume is recorded at 1481384. 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 $76.69 area.
Shares of Lake Shore Gold Corp. (LSG) fell by 3.07% or $-0.04/share to $1.26. In the past year, the shares have traded as low as $1.23 and as high as $4.53. On average, 139830 shares of LSG exchange hands on a given day and today's volume is recorded at 170385. 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 $1.49 area but be careful because the stock may face selling pressure at this level.
