The following stocks were detected to be trading among the most active on June 13: iShares Russell 2000 Index, Regions Financial Corp, Cisco Systems, Inc, Level 3 Communications Inc, and Timberland 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 iShares Russell 2000 Index (IWM) traded higher by 0.08% or $0.06/share to $78.06. In the past year, the shares have traded as low as $58.12 and as high as $86.81. On average, 59450530 shares of IWM exchange hands on a given day and today's volume is recorded at 18597072. 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 $83.17 represents resistance and the 200-day moving average of $76.57 would be an area of support.
Shares of Regions Financial Corp. (RF) fell by 0.81% or $-0.05/share to $6.09. In the past year, the shares have traded as low as $5.10 and as high as $8.08. On average, 13885980 shares of RF exchange hands on a given day and today's volume is recorded at 17797644. 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 $6.93 area where the stock may encounter resistance.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 0.46% or $0.07/share to $15.19. In the past year, the shares have traded as low as $15.01 and as high as $25.91. On average, 76030960 shares of CSCO exchange hands on a given day and today's volume is recorded at 18957800. 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 $16.88 area but be careful because the stock may face selling pressure at this level.
Shares of Level 3 Communications Inc. (LVLT) traded higher by 1.82% or $0.04/share to $2.24. In the past year, the shares have traded as low as $0.83 and as high as $2.46. On average, 44259470 shares of LVLT exchange hands on a given day and today's volume is recorded at 17316548. 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 $1.82 area where the stock will likely see buying pressure.
Shares of Timberland Co. (TBL) traded higher by 42.45% or $12.73/share to $42.72. In the past year, the shares have traded as low as $15.07 and as high as $45.72. On average, 719190 shares of TBL exchange hands on a given day and today's volume is recorded at 15265580. 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 $37.29 area where the stock will likely see buying pressure.
