The following stocks were detected to be trading among the most active on June 24: SIRIUS XM Radio Inc, Cisco Systems, Inc, Ford Motor Co, PowerShares QQQ, and Southern Union 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 SIRIUS XM Radio Inc. (SIRI) fell by 0.49% or $-0.01/share to $2.03. In the past year, the shares have traded as low as $0.90 and as high as $2.44. On average, 81958200 shares of SIRI exchange hands on a given day and today's volume is recorded at 18045574. 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 $2.08 represents resistance and the 200-day moving average of $1.66 would be an area of support.
Shares of Cisco Systems, Inc. (CSCO) fell by 1.52% or $-0.24/share to $15.23. In the past year, the shares have traded as low as $14.77 and as high as $25.90. On average, 75517810 shares of CSCO exchange hands on a given day and today's volume is recorded at 17730036. 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 $16.46 area but be careful because the stock may face selling pressure at this level.
Shares of Ford Motor Co. (F) fell by 1.0% or $-0.13/share to $13.34. In the past year, the shares have traded as low as $9.75 and as high as $18.98. On average, 63277590 shares of F exchange hands on a given day and today's volume is recorded at 16980402. 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 $14.54 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) fell by 1.14% or $-0.63/share to $54.71. In the past year, the shares have traded as low as $41.44 and as high as $59.21. On average, 51535760 shares of QQQ exchange hands on a given day and today's volume is recorded at 14831034. 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 $56.94 represents resistance and the 200-day moving average of $54.65 would be an area of support.
Shares of Southern Union Co. (SUG) traded higher by 15.96% or $5.45/share to $39.6. In the past year, the shares have traded as low as $20.66 and as high as $34.30. On average, 1740230 shares of SUG exchange hands on a given day and today's volume is recorded at 14496175. 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 $29.27 area where the stock will likely see buying pressure.
