Among the most volatile stocks traded on September 1 were: Oxford Industries Inc, Country Style Cooking Restaurant Chain Co., Ltd, Pacific Biosciences of California, Inc, Houston American Energy Corp, and Charming Shoppes 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 Oxford Industries Inc. (OXM) traded higher by 7.96% or $2.85/share to $38.67. In the past year, the shares have traded as low as $19.68 and as high as $39.89. On average, 236010 shares of OXM exchange hands on a given day and today's volume is recorded at 515713. 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 $35.13 area where the stock will likely see buying pressure.
Shares of Country Style Cooking Restaurant Chain Co., Ltd. (CCSC) fell by 6.13% or $-0.93/share to $14.24. In the past year, the shares have traded as low as $9.13 and as high as $36.45. On average, 142180 shares of CCSC exchange hands on a given day and today's volume is recorded at 37903. 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 $17.69 represents resistance and the 50-day moving average of $12.50 would be an area of support.
Shares of Pacific Biosciences of California, Inc. (PACB) fell by 8.05% or $-0.57/share to $6.51. In the past year, the shares have traded as low as $5.20 and as high as $17.47. On average, 392780 shares of PACB exchange hands on a given day and today's volume is recorded at 184693. 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 $9.39 area but be careful because the stock may face selling pressure at this level.
Shares of Houston American Energy Corp. (HUSA) traded higher by 6.51% or $1.12/share to $18.33. In the past year, the shares have traded as low as $8.78 and as high as $20.90. On average, 167130 shares of HUSA exchange hands on a given day and today's volume is recorded at 195087. 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 $16.38 area where the stock will likely see buying pressure.
Shares of Charming Shoppes Inc. (CHRS) fell by 0.32% or $-0.01/share to $3.16. In the past year, the shares have traded as low as $2.58 and as high as $4.93. On average, 1583870 shares of CHRS exchange hands on a given day and today's volume is recorded at 2022714. 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 $3.73 area where the stock may encounter resistance.
