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Wednesday, June 15, 2011

Substantial Trading Activity: (SIRI), (XLF), (CSCO), (IWM), (EEM)

The following stocks were detected to be trading among the most active on June 15: SIRIUS XM Radio Inc, Financial Select Sector SPDR, Cisco Systems, Inc, iShares Russell 2000 Index, and iShares MSCI Emerging Markets Index. 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 1.53% or $-0.03/share to $1.93. In the past year, the shares have traded as low as $0.90 and as high as $2.44. On average, 80011830 shares of SIRI exchange hands on a given day and today's volume is recorded at 17818116. 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 $2.06 represents resistance and the 200-day moving average of $1.63 would be an area of support.

Shares of Financial Select Sector SPDR (XLF) fell by 1.07% or $-0.16/share to $14.9. In the past year, the shares have traded as low as $13.18 and as high as $17.16. On average, 70328780 shares of XLF exchange hands on a given day and today's volume is recorded at 16512079. 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 $15.60 area where the stock may encounter resistance.

Shares of Cisco Systems, Inc. (CSCO) fell by 1.04% or $-0.16/share to $14.92. In the past year, the shares have traded as low as $14.92 and as high as $25.90. On average, 76682110 shares of CSCO exchange hands on a given day and today's volume is recorded at 14208070. 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 $16.80 area but be careful because the stock may face selling pressure at this level.

Shares of iShares Russell 2000 Index (IWM) fell by 0.42% or $-0.33/share to $79.12. In the past year, the shares have traded as low as $58.13 and as high as $86.81. On average, 59194390 shares of IWM exchange hands on a given day and today's volume is recorded at 13958596. 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 $82.94 represents resistance and the 200-day moving average of $76.75 would be an area of support.

Shares of iShares MSCI Emerging Markets Index (EEM) fell by 1.08% or $-0.51/share to $46.58. In the past year, the shares have traded as low as $36.46 and as high as $50.43. On average, 58478270 shares of EEM exchange hands on a given day and today's volume is recorded at 9062706. 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 $48.31 represents resistance and the 200-day moving average of $46.39 would be an area of support.