The following stocks were detected to be trading among the most active on June 6: Microsoft Corporation, PowerShares QQQ, iShares Silver Trust, Wells Fargo & Company, and Micron Technology 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, the news could be good or bad. Depending the on the information investors have to decide whether to buy or sell.
Shares of Microsoft Corporation (MSFT) traded higher by 0.39% or $0.09/share to $24.0. In the past year, the shares have traded as low as $22.19 and as high as $29.09. On average, 62468800 shares of MSFT exchange hands on a given day and today's volume is recorded at 12551382. 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 $25.72 area where the stock may encounter resistance.
Shares of PowerShares QQQ (QQQ) remained unchanged at $56.35. In the past year, the shares have traded as low as $41.53 and as high as $59.34. On average, 58714430 shares of QQQ exchange hands on a given day and today's volume is recorded at 12345043. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $54.03 area.
Shares of iShares Silver Trust (SLV) traded higher by 2.43% or $0.86/share to $36.2. In the past year, the shares have traded as low as $16.94 and as high as $48.35. On average, 72551470 shares of SLV exchange hands on a given day and today's volume is recorded at 12220374. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $29.40 area.
Shares of Wells Fargo & Company (WFC) fell by 1.82% or $-0.49/share to $26.37. In the past year, the shares have traded as low as $22.85 and as high as $34.11. On average, 34273420 shares of WFC exchange hands on a given day and today's volume is recorded at 12163435. 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 $29.38 area but be careful because the stock may face selling pressure at this level.
Shares of Micron Technology Inc. (MU) traded higher by 2.29% or $0.21/share to $9.37. In the past year, the shares have traded as low as $6.36 and as high as $11.95. On average, 36948010 shares of MU exchange hands on a given day and today's volume is recorded at 12077244. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $9.11 area.
