The following stocks were detected to be trading among the most active on June 15: Yahoo! Inc, General Electric Co, iShares Silver Trust, Sprint Nextel Corp, and Micron Technology 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 Yahoo! Inc. (YHOO) fell by 2.37% or $-0.36/share to $14.84. In the past year, the shares have traded as low as $12.94 and as high as $18.84. On average, 27537590 shares of YHOO exchange hands on a given day and today's volume is recorded at 8896259. 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 $16.17 area where the stock may encounter resistance.
Shares of General Electric Co. (GE) traded higher by 0.06% or $0.01/share to $18.61. In the past year, the shares have traded as low as $13.45 and as high as $21.50. On average, 51837760 shares of GE exchange hands on a given day and today's volume is recorded at 7724312. 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 $19.75 represents resistance and the 200-day moving average of $18.30 would be an area of support.
Shares of iShares Silver Trust (SLV) fell by 0.17% or $-0.06/share to $34.61. In the past year, the shares have traded as low as $17.06 and as high as $48.35. On average, 72110690 shares of SLV exchange hands on a given day and today's volume is recorded at 7703129. 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 $38.16 represents resistance and the 200-day moving average of $30.01 would be an area of support.
Shares of Sprint Nextel Corp. (S) traded higher by 0.66% or $0.04/share to $5.36. In the past year, the shares have traded as low as $3.70 and as high as $6.44. On average, 60205260 shares of S exchange hands on a given day and today's volume is recorded at 7587101. 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 $5.18 area where the stock will likely see buying pressure.
Shares of Micron Technology Inc. (MU) fell by 0.71% or $-0.06/share to $8.34. In the past year, the shares have traded as low as $6.36 and as high as $11.95. On average, 36354540 shares of MU exchange hands on a given day and today's volume is recorded at 7430120. 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 $9.17 area where the stock may encounter resistance.
