The following stocks were detected to be trading among the most active on June 30: iShares Russell 2000 Index, PowerShares QQQ, Intel Corporation, Level 3 Communications Inc, and eBay 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 iShares Russell 2000 Index (IWM) traded higher by 0.8% or $0.66/share to $82.86. In the past year, the shares have traded as low as $58.12 and as high as $86.81. On average, 59991870 shares of IWM exchange hands on a given day and today's volume is recorded at 16583971. 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 $82.11 area where the stock will likely see buying pressure.
Shares of PowerShares QQQ (QQQ) traded higher by 1.12% or $0.63/share to $56.93. In the past year, the shares have traded as low as $41.44 and as high as $59.21. On average, 51368720 shares of QQQ exchange hands on a given day and today's volume is recorded at 14280861. 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 $56.86 area where the stock will likely see buying pressure.
Shares of Intel Corporation (INTC) traded higher by 3.25% or $0.70/share to $22.08. In the past year, the shares have traded as low as $17.18 and as high as $23.96. On average, 67220800 shares of INTC exchange hands on a given day and today's volume is recorded at 13974331. 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 $22.26 represents resistance and the 200-day moving average of $20.83 would be an area of support.
Shares of Level 3 Communications Inc. (LVLT) fell by 0.83% or $-0.02/share to $2.38. In the past year, the shares have traded as low as $0.83 and as high as $2.46. On average, 46942210 shares of LVLT exchange hands on a given day and today's volume is recorded at 11213042. 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 $2.00 area where the stock will likely see buying pressure.
Shares of eBay Inc. (EBAY) traded higher by 4.7% or $1.45/share to $32.31. In the past year, the shares have traded as low as $19.06 and as high as $35.35. On average, 11248550 shares of EBAY exchange hands on a given day and today's volume is recorded at 11147788. 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 $31.36 area where the stock will likely see buying pressure.
