The following stocks were detected to be trading among the most active on July 1: Blackboard Inc, SIRIUS XM Radio Inc, General Electric Co, Eastman Kodak Co, and PowerShares QQQ. 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 Blackboard Inc. (BBBB) traded higher by 1.75% or $0.76/share to $44.15. In the past year, the shares have traded as low as $32.55 and as high as $50.26. On average, 751030 shares of BBBB exchange hands on a given day and today's volume is recorded at 27672800. 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 $43.59 area where the stock will likely see buying pressure.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 1.37% or $0.03/share to $2.22. In the past year, the shares have traded as low as $0.90 and as high as $2.44. On average, 85233960 shares of SIRI exchange hands on a given day and today's volume is recorded at 27720448. 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 $2.11 area where the stock will likely see buying pressure.
Shares of General Electric Co. (GE) traded higher by 1.11% or $0.21/share to $19.07. In the past year, the shares have traded as low as $13.34 and as high as $21.33. On average, 49648780 shares of GE exchange hands on a given day and today's volume is recorded at 19329952. 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 $19.21 represents resistance and the 200-day moving average of $18.35 would be an area of support.
Shares of Eastman Kodak Co. (EK) fell by 13.69% or $-0.49/share to $3.09. In the past year, the shares have traded as low as $2.75 and as high as $5.95. On average, 9759400 shares of EK exchange hands on a given day and today's volume is recorded at 18330480. 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 $3.25 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) traded higher by 0.65% or $0.37/share to $57.42. In the past year, the shares have traded as low as $41.44 and as high as $59.21. On average, 51453270 shares of QQQ exchange hands on a given day and today's volume is recorded at 18116050. 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 $56.87 area where the stock will likely see buying pressure.
