The following stocks were detected to be trading among the most active on June 29: Financial Select Sector SPDR, PowerShares QQQ, Citigroup, Inc, Ford Motor Co, and Microsoft Corporation. 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 1.3% or $0.19/share to $15.18. In the past year, the shares have traded as low as $13.14 and as high as $17.09. On average, 70202080 shares of XLF exchange hands on a given day and today's volume is recorded at 25123130. 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 $15.52 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) traded higher by 0.37% or $0.21/share to $56.28. In the past year, the shares have traded as low as $41.44 and as high as $59.21. On average, 51111870 shares of QQQ exchange hands on a given day and today's volume is recorded at 23485866. 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 $56.86 represents resistance and the 200-day moving average of $54.78 would be an area of support.
Shares of Citigroup, Inc. (C) traded higher by 2.52% or $1.01/share to $41.16. In the past year, the shares have traded as low as $36.19 and as high as $51.49. On average, 40494830 shares of C exchange hands on a given day and today's volume is recorded at 20883742. 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 $41.47 area but be careful because the stock may face selling pressure at this level.
Shares of Ford Motor Co. (F) traded higher by 0.9% or $0.12/share to $13.45. In the past year, the shares have traded as low as $9.75 and as high as $18.97. On average, 62625910 shares of F exchange hands on a given day and today's volume is recorded at 19349120. 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 $14.45 area but be careful because the stock may face selling pressure at this level.
Shares of Microsoft Corporation (MSFT) fell by 0.84% or $-0.22/share to $25.58. In the past year, the shares have traded as low as $22.19 and as high as $29.09. On average, 62546400 shares of MSFT exchange hands on a given day and today's volume is recorded at 16020254. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $25.78 represents resistance and the 50-day moving average of $24.83 would be an area of support.
