The following stocks were detected to be trading among the most active on June 22: Sprint Nextel Corp, iShares Russell 2000 Index, Cisco Systems, Inc, Microsoft Corporation, and PowerShares QQQ. 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 Sprint Nextel Corp. (S) fell by 2.39% or $-0.13/share to $5.11. In the past year, the shares have traded as low as $3.70 and as high as $6.44. On average, 56044670 shares of S exchange hands on a given day and today's volume is recorded at 11208149. 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 $5.24 represents resistance and the 200-day moving average of $4.60 would be an area of support.
Shares of iShares Russell 2000 Index (IWM) fell by 0.15% or $-0.12/share to $80.54. In the past year, the shares have traded as low as $58.12 and as high as $86.81. On average, 58923190 shares of IWM exchange hands on a given day and today's volume is recorded at 8972903. 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 $82.33 represents resistance and the 200-day moving average of $77.18 would be an area of support.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 0.29% or $0.04/share to $15.56. In the past year, the shares have traded as low as $14.79 and as high as $25.92. On average, 75575760 shares of CSCO exchange hands on a given day and today's volume is recorded at 7646884. 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 $16.56 area but be careful because the stock may face selling pressure at this level.
Shares of Microsoft Corporation (MSFT) traded higher by 0.06% or $0.01/share to $24.77. In the past year, the shares have traded as low as $22.19 and as high as $29.09. On average, 60068120 shares of MSFT exchange hands on a given day and today's volume is recorded at 7457474. 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 $24.88 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) fell by 0.16% or $-0.09/share to $55.14. In the past year, the shares have traded as low as $41.44 and as high as $59.21. On average, 51207460 shares of QQQ exchange hands on a given day and today's volume is recorded at 7127259. 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 $57.00 represents resistance and the 200-day moving average of $54.56 would be an area of support.
