The following stocks were detected to be trading among the most active on June 21: Alcatel-Lucent, SIRIUS XM Radio Inc, Level 3 Communications Inc, Financial Select Sector SPDR, and AT&T, Inc. 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 Alcatel-Lucent (ALU) traded higher by 3.36% or $0.18/share to $5.39. In the past year, the shares have traded as low as $2.46 and as high as $6.64. On average, 29501250 shares of ALU exchange hands on a given day and today's volume is recorded at 15818531. 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 $5.83 represents resistance and the 200-day moving average of $4.25 would be an area of support.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 3.65% or $0.07/share to $1.99. In the past year, the shares have traded as low as $0.90 and as high as $2.44. On average, 80542190 shares of SIRI exchange hands on a given day and today's volume is recorded at 18472122. 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 $2.07 represents resistance and the 200-day moving average of $1.65 would be an area of support.
Shares of Level 3 Communications Inc. (LVLT) traded higher by 4.65% or $0.10/share to $2.25. In the past year, the shares have traded as low as $0.83 and as high as $2.46. On average, 46232780 shares of LVLT exchange hands on a given day and today's volume is recorded at 15026726. 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 $1.90 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) traded higher by 0.67% or $0.10/share to $14.98. In the past year, the shares have traded as low as $13.13 and as high as $17.09. On average, 68474100 shares of XLF exchange hands on a given day and today's volume is recorded at 14508862. 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 $15.56 area where the stock may encounter resistance.
Shares of AT&T, Inc. (T) traded higher by 0.77% or $0.24/share to $31.2. In the past year, the shares have traded as low as $22.60 and as high as $31.94. On average, 27775370 shares of T exchange hands on a given day and today's volume is recorded at 14321311. 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 $30.92 area where the stock will likely see buying pressure.
