The following stocks were detected to be trading among the most active on June 17: Financial Select Sector SPDR, Oracle Corp, iShares MSCI Emerging Markets Index, Sprint Nextel Corp, and Vanguard MSCI Emerging Markets ETF. 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 Financial Select Sector SPDR (XLF) traded higher by 0.54% or $0.08/share to $14.89. In the past year, the shares have traded as low as $13.18 and as high as $17.16. On average, 70499500 shares of XLF exchange hands on a given day and today's volume is recorded at 19442866. 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 $15.61 area where the stock may encounter resistance.
Shares of Oracle Corp. (ORCL) traded higher by 2.56% or $0.79/share to $31.59. In the past year, the shares have traded as low as $21.08 and as high as $36.50. On average, 27279960 shares of ORCL exchange hands on a given day and today's volume is recorded at 18502392. 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 $33.78 represents resistance and the 200-day moving average of $30.86 would be an area of support.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 0.45% or $0.21/share to $45.94. In the past year, the shares have traded as low as $36.46 and as high as $50.43. On average, 57284720 shares of EEM exchange hands on a given day and today's volume is recorded at 17483920. 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 $46.46 area where the stock may encounter resistance.
Shares of Sprint Nextel Corp. (S) fell by 3.07% or $-0.16/share to $5.05. In the past year, the shares have traded as low as $3.70 and as high as $6.45. On average, 59953840 shares of S exchange hands on a given day and today's volume is recorded at 16565781. 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 $5.21 represents resistance and the 200-day moving average of $4.59 would be an area of support.
Shares of Vanguard MSCI Emerging Markets ETF (VWO) traded higher by 0.32% or $0.15/share to $46.64. In the past year, the shares have traded as low as $36.83 and as high as $50.92. On average, 19075870 shares of VWO exchange hands on a given day and today's volume is recorded at 16334212. 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 $46.89 area where the stock may encounter resistance.
