The following stocks were detected to be trading among the most active on June 24: Microsoft Corporation, Intel Corporation, Financial Select Sector SPDR, iShares Silver Trust, and iShares MSCI Emerging Markets Index. 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 Microsoft Corporation (MSFT) fell by 1.46% or $-0.36/share to $24.27. In the past year, the shares have traded as low as $22.19 and as high as $29.09. On average, 60519570 shares of MSFT exchange hands on a given day and today's volume is recorded at 12268765. 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 $24.84 area but be careful because the stock may face selling pressure at this level.
Shares of Intel Corporation (INTC) fell by 0.64% or $-0.14/share to $21.57. In the past year, the shares have traded as low as $17.18 and as high as $23.96. On average, 66608179 shares of INTC exchange hands on a given day and today's volume is recorded at 11526555. 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 $22.12 represents resistance and the 200-day moving average of $20.76 would be an area of support.
Shares of Financial Select Sector SPDR (XLF) fell by 0.81% or $-0.12/share to $14.73. In the past year, the shares have traded as low as $13.13 and as high as $17.09. On average, 69696040 shares of XLF exchange hands on a given day and today's volume is recorded at 11513233. 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 $15.57 area where the stock may encounter resistance.
Shares of iShares Silver Trust (SLV) fell by 1.72% or $-0.59/share to $33.78. In the past year, the shares have traded as low as $17.06 and as high as $48.35. On average, 72120300 shares of SLV exchange hands on a given day and today's volume is recorded at 10901740. 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 $37.63 represents resistance and the 200-day moving average of $30.56 would be an area of support.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 0.04% or $-0.02/share to $45.56. In the past year, the shares have traded as low as $36.10 and as high as $49.92. On average, 56697070 shares of EEM exchange hands on a given day and today's volume is recorded at 10541011. 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 $46.11 area where the stock may encounter resistance.
