The following stocks were detected to be trading among the most active on June 17: Ford Motor Co, PowerShares QQQ, Intel Corporation, iShares Russell 2000 Index, and General Electric Co. 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 Ford Motor Co. (F) fell by 0.4% or $-0.05/share to $12.78. In the past year, the shares have traded as low as $9.75 and as high as $18.97. On average, 63237850 shares of F exchange hands on a given day and today's volume is recorded at 24842892. 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 $14.75 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) fell by 0.15% or $-0.08/share to $54.0. In the past year, the shares have traded as low as $41.54 and as high as $59.34. On average, 52486640 shares of QQQ exchange hands on a given day and today's volume is recorded at 23129684. 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 $54.53 area where the stock may encounter resistance.
Shares of Intel Corporation (INTC) fell by 0.93% or $-0.20/share to $21.22. In the past year, the shares have traded as low as $17.18 and as high as $23.96. On average, 66283390 shares of INTC exchange hands on a given day and today's volume is recorded at 21873666. 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 $21.96 represents resistance and the 200-day moving average of $20.67 would be an area of support.
Shares of iShares Russell 2000 Index (IWM) traded higher by 0.59% or $0.46/share to $78.67. In the past year, the shares have traded as low as $58.12 and as high as $86.81. On average, 58571190 shares of IWM exchange hands on a given day and today's volume is recorded at 20339504. 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 $82.66 represents resistance and the 200-day moving average of $76.94 would be an area of support.
Shares of General Electric Co. (GE) traded higher by 0.6% or $0.11/share to $18.55. In the past year, the shares have traded as low as $13.34 and as high as $21.33. On average, 49465110 shares of GE exchange hands on a given day and today's volume is recorded at 19578244. 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 $19.51 represents resistance and the 200-day moving average of $18.19 would be an area of support.
