Among the most volatile stocks traded on June 13 were: Alliance One International, Inc, Charming Shoppes Inc, TransAtlantic Petroleum Ltd, Vaalco Energy Inc, and Camelot Information Systems 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 Alliance One International, Inc. (AOI) fell by 8.52% or $-0.30/share to $3.22. In the past year, the shares have traded as low as $3.17 and as high as $4.83. On average, 455580 shares of AOI exchange hands on a given day and today's volume is recorded at 279042. 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 $3.92 area but be careful because the stock may face selling pressure at this level.
Shares of Charming Shoppes Inc. (CHRS) fell by 8.06% or $-0.32/share to $3.65. In the past year, the shares have traded as low as $2.84 and as high as $4.93. On average, 1108840 shares of CHRS exchange hands on a given day and today's volume is recorded at 1350410. 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 $3.67 area where the stock may encounter resistance.
Shares of TransAtlantic Petroleum Ltd. (TAT) fell by 8.78% or $-0.18/share to $1.87. In the past year, the shares have traded as low as $2.00 and as high as $3.60. On average, 1887570 shares of TAT exchange hands on a given day and today's volume is recorded at 1354136. 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 $2.50 area but be careful because the stock may face selling pressure at this level.
Shares of Vaalco Energy Inc. (EGY) fell by 8.31% or $-0.52/share to $5.74. In the past year, the shares have traded as low as $5.07 and as high as $8.40. On average, 450370 shares of EGY exchange hands on a given day and today's volume is recorded at 549724. 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 $6.85 area where the stock may encounter resistance.
Shares of Camelot Information Systems Inc. (CIS) fell by 6.7% or $-0.92/share to $12.82. In the past year, the shares have traded as low as $12.79 and as high as $28.18. On average, 563170 shares of CIS exchange hands on a given day and today's volume is recorded at 586979. 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 $17.87 area but be careful because the stock may face selling pressure at this level.
