The following stocks were detected to be trading among the most active on June 13: Sprint Nextel Corp, iShares Silver Trust, Wells Fargo & Company, Citigroup, Inc, and General Electric Co. 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 0.77% or $-0.04/share to $5.18. In the past year, the shares have traded as low as $3.70 and as high as $6.45. On average, 61336470 shares of S exchange hands on a given day and today's volume is recorded at 14588963. 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 $5.16 area where the stock will likely see buying pressure.
Shares of iShares Silver Trust (SLV) fell by 2.04% or $-0.72/share to $34.53. In the past year, the shares have traded as low as $17.06 and as high as $48.35. On average, 71892110 shares of SLV exchange hands on a given day and today's volume is recorded at 13125367. 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 $38.26 represents resistance and the 200-day moving average of $29.85 would be an area of support.
Shares of Wells Fargo & Company (WFC) traded higher by 1.45% or $0.38/share to $26.66. In the past year, the shares have traded as low as $22.84 and as high as $34.11. On average, 35528490 shares of WFC exchange hands on a given day and today's volume is recorded at 12360571. 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 $28.82 area but be careful because the stock may face selling pressure at this level.
Shares of Citigroup, Inc. (C) traded higher by 1.42% or $0.54/share to $38.46. In the past year, the shares have traded as low as $36.19 and as high as $51.49. On average, 40923430 shares of C exchange hands on a given day and today's volume is recorded at 11462660. 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 $42.90 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Co. (GE) traded higher by 0.11% or $0.02/share to $18.34. In the past year, the shares have traded as low as $13.45 and as high as $21.50. On average, 52704960 shares of GE exchange hands on a given day and today's volume is recorded at 11319477. 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 $19.82 represents resistance and the 200-day moving average of $18.26 would be an area of support.
