The following stocks were detected to be trading among the most active on June 21: Research In Motion Limited, PowerShares QQQ, Nokia Corporation, General Electric 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 Research In Motion Limited (RIMM) traded higher by 3.63% or $0.94/share to $26.83. In the past year, the shares have traded as low as $25.82 and as high as $70.53. On average, 17350840 shares of RIMM exchange hands on a given day and today's volume is recorded at 14259278. 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 $45.05 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) traded higher by 1.31% or $0.71/share to $54.78. In the past year, the shares have traded as low as $41.44 and as high as $59.21. On average, 51230840 shares of QQQ exchange hands on a given day and today's volume is recorded at 13582788. 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 $57.03 represents resistance and the 200-day moving average of $54.51 would be an area of support.
Shares of Nokia Corporation (NOK) traded higher by 2.91% or $0.17/share to $6.02. In the past year, the shares have traded as low as $5.79 and as high as $11.06. On average, 32744640 shares of NOK exchange hands on a given day and today's volume is recorded at 10442185. 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 $7.77 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Co. (GE) traded higher by 1.28% or $0.24/share to $18.72. In the past year, the shares have traded as low as $13.35 and as high as $21.33. On average, 48399940 shares of GE exchange hands on a given day and today's volume is recorded at 10298389. 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 $19.44 represents resistance and the 200-day moving average of $18.23 would be an area of support.
Shares of Microsoft Corporation (MSFT) traded higher by 1.03% or $0.25/share to $24.72. In the past year, the shares have traded as low as $22.19 and as high as $29.09. On average, 60023890 shares of MSFT exchange hands on a given day and today's volume is recorded at 10254101. 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 $24.91 area but be careful because the stock may face selling pressure at this level.
