The following stocks were detected to be trading among the most active on July 15: Citigroup, Inc, iShares Russell 2000 Index, SIRIUS XM Radio Inc, Financial Select Sector SPDR, and Cisco Systems, 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 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 Citigroup, Inc. (C) traded higher by 0.87% or $0.34/share to $39.36. In the past year, the shares have traded as low as $36.29 and as high as $51.49. On average, 39953110 shares of C exchange hands on a given day and today's volume is recorded at 27595050. 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 $40.56 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Russell 2000 Index (IWM) traded higher by 0.64% or $0.53/share to $82.79. In the past year, the shares have traded as low as $58.09 and as high as $86.56. On average, 62036140 shares of IWM exchange hands on a given day and today's volume is recorded at 25775572. 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 $81.72 area where the stock will likely see buying pressure.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 1.11% or $0.03/share to $2.28. In the past year, the shares have traded as low as $0.91 and as high as $2.45. On average, 88844940 shares of SIRI exchange hands on a given day and today's volume is recorded at 25324626. 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 $2.16 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) fell by 0.17% or $-0.03/share to $14.85. In the past year, the shares have traded as low as $13.13 and as high as $17.08. On average, 74509070 shares of XLF exchange hands on a given day and today's volume is recorded at 21962884. 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 $15.33 area but be careful because the stock may face selling pressure at this level.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 1.04% or $0.16/share to $15.59. In the past year, the shares have traded as low as $14.72 and as high as $25.81. On average, 73292010 shares of CSCO exchange hands on a given day and today's volume is recorded at 21032220. 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 $15.95 area but be careful because the stock may face selling pressure at this level.
