The following stocks were detected to be trading among the most active on June 20: Ford Motor Co, iShares Russell 2000 Index, PowerShares QQQ, Micron Technology Inc, and Cisco Systems, Inc. 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 Ford Motor Co. (F) traded higher by 1.02% or $0.13/share to $12.9. In the past year, the shares have traded as low as $9.75 and as high as $18.97. On average, 63192480 shares of F exchange hands on a given day and today's volume is recorded at 12383748. 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 $14.69 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Russell 2000 Index (IWM) traded higher by 0.06% or $0.05/share to $78.28. In the past year, the shares have traded as low as $58.12 and as high as $86.81. On average, 58787910 shares of IWM exchange hands on a given day and today's volume is recorded at 12020152. 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 $82.51 represents resistance and the 200-day moving average of $77.02 would be an area of support.
Shares of PowerShares QQQ (QQQ) traded higher by 0.01% or $0.01/share to $53.79. In the past year, the shares have traded as low as $41.43 and as high as $59.20. On average, 52129880 shares of QQQ exchange hands on a given day and today's volume is recorded at 10589814. 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 $54.45 area where the stock may encounter resistance.
Shares of Micron Technology Inc. (MU) traded higher by 2.68% or $0.21/share to $8.04. In the past year, the shares have traded as low as $6.36 and as high as $11.95. On average, 36371960 shares of MU exchange hands on a given day and today's volume is recorded at 10300945. 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 $9.19 area where the stock may encounter resistance.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 0.48% or $0.07/share to $15.04. In the past year, the shares have traded as low as $14.78 and as high as $25.90. On average, 76250080 shares of CSCO exchange hands on a given day and today's volume is recorded at 10263699. 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 $16.65 area but be careful because the stock may face selling pressure at this level.
