The following stocks were detected to be trading among the most active on June 16: General Electric Co, Citigroup, Inc, PowerShares QQQ, JPMorgan Chase & Co, and Intel 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 General Electric Co. (GE) traded higher by 0.92% or $0.17/share to $18.56. In the past year, the shares have traded as low as $13.45 and as high as $21.50. On average, 50665020 shares of GE exchange hands on a given day and today's volume is recorded at 18860570. 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 $19.71 represents resistance and the 200-day moving average of $18.32 would be an area of support.
Shares of Citigroup, Inc. (C) traded higher by 0.26% or $0.10/share to $38.1. In the past year, the shares have traded as low as $36.19 and as high as $51.49. On average, 41088950 shares of C exchange hands on a given day and today's volume is recorded at 16096465. 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 $42.56 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) traded higher by 0.26% or $0.14/share to $54.43. In the past year, the shares have traded as low as $41.53 and as high as $59.34. On average, 54209350 shares of QQQ exchange hands on a given day and today's volume is recorded at 15811922. 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 $54.48 area where the stock may encounter resistance.
Shares of JPMorgan Chase & Co. (JPM) fell by 0.57% or $-0.23/share to $40.45. In the past year, the shares have traded as low as $34.89 and as high as $48.10. On average, 30478340 shares of JPM exchange hands on a given day and today's volume is recorded at 15297128. 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 $42.30 area where the stock may encounter resistance.
Shares of Intel Corporation (INTC) traded higher by 0.42% or $0.09/share to $21.51. In the past year, the shares have traded as low as $17.18 and as high as $23.96. On average, 66770550 shares of INTC exchange hands on a given day and today's volume is recorded at 14061429. 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 $21.92 represents resistance and the 200-day moving average of $20.65 would be an area of support.
