The following stocks were detected to be trading among the most active on June 27: General Electric Co, SIRIUS XM Radio Inc, Intel Corporation, Micron Technology Inc, and Pfizer 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 General Electric Co. (GE) traded higher by 1.73% or $0.31/share to $18.28. In the past year, the shares have traded as low as $13.34 and as high as $21.33. On average, 49485300 shares of GE exchange hands on a given day and today's volume is recorded at 45927920. 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 $18.30 area where the stock may encounter resistance.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 0.76% or $0.02/share to $2.0. In the past year, the shares have traded as low as $0.90 and as high as $2.45. On average, 82471570 shares of SIRI exchange hands on a given day and today's volume is recorded at 45177988. 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 $2.09 represents resistance and the 200-day moving average of $1.67 would be an area of support.
Shares of Intel Corporation (INTC) traded higher by 0.66% or $0.14/share to $21.34. In the past year, the shares have traded as low as $17.18 and as high as $23.96. On average, 67780040 shares of INTC exchange hands on a given day and today's volume is recorded at 44798992. 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 $22.16 represents resistance and the 200-day moving average of $20.78 would be an area of support.
Shares of Micron Technology Inc. (MU) traded higher by 1.8% or $0.13/share to $7.34. In the past year, the shares have traded as low as $6.36 and as high as $11.95. On average, 36693290 shares of MU exchange hands on a given day and today's volume is recorded at 34397136. 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 $9.22 area where the stock may encounter resistance.
Shares of Pfizer Inc. (PFE) traded higher by 0.45% or $0.09/share to $20.17. In the past year, the shares have traded as low as $13.43 and as high as $21.45. On average, 44557550 shares of PFE exchange hands on a given day and today's volume is recorded at 34113600. 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 $20.56 represents resistance and the 200-day moving average of $18.51 would be an area of support.
