The following stocks were detected to be trading among the most active on June 29: iShares MSCI Emerging Markets Index, JPMorgan Chase & Co, Pfizer Inc, Micron Technology Inc, and Alcatel-Lucent. These stocks are highly traded usually because new relevant information on the company has become available. Being on the highly active list isn't always positive as high activity may be a result of negative news. Regardless, high activity means high liquidity. High volume, combined with price movement is what traders require to make profits.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 0.47% or $0.22/share to $46.88. In the past year, the shares have traded as low as $36.09 and as high as $49.93. On average, 56824510 shares of EEM exchange hands on a given day and today's volume is recorded at 15748529. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $47.18 represents resistance and the 200-day moving average of $46.17 would be an area of support.
Shares of JPMorgan Chase & Co. (JPM) traded higher by 1.64% or $0.65/share to $40.19. In the past year, the shares have traded as low as $34.89 and as high as $48.10. On average, 30775090 shares of JPM exchange hands on a given day and today's volume is recorded at 15000506. 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 $42.38 area where the stock may encounter resistance.
Shares of Pfizer Inc. (PFE) remained unchanged at $20.55. In the past year, the shares have traded as low as $13.43 and as high as $21.45. On average, 44688270 shares of PFE exchange hands on a given day and today's volume is recorded at 14527919. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $20.56 represents resistance and the 200-day moving average of $18.55 would be an area of support.
Shares of Micron Technology Inc. (MU) traded higher by 2.84% or $0.21/share to $7.56. In the past year, the shares have traded as low as $6.36 and as high as $11.95. On average, 36619490 shares of MU exchange hands on a given day and today's volume is recorded at 14611985. 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 $9.22 area where the stock may encounter resistance.
Shares of Alcatel-Lucent (ALU) traded higher by 1.42% or $0.08/share to $5.72. In the past year, the shares have traded as low as $2.46 and as high as $6.63. On average, 28319500 shares of ALU exchange hands on a given day and today's volume is recorded at 12849935. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $5.77 represents resistance and the 200-day moving average of $4.32 would be an area of support.
