The following stocks were detected to be trading among the most active on July 14: ConocoPhillips, iShares Russell 2000 Index, SIRIUS XM Radio Inc, Capital One Financial Corp, and Microsoft Corporation. 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 ConocoPhillips (COP) traded higher by 5.71% or $4.25/share to $78.65. In the past year, the shares have traded as low as $48.95 and as high as $81.07. On average, 8370820 shares of COP exchange hands on a given day and today's volume is recorded at 15406393. 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 $72.72 area where the stock will likely see buying pressure.
Shares of iShares Russell 2000 Index (IWM) traded higher by 0.31% or $0.26/share to $83.85. In the past year, the shares have traded as low as $58.09 and as high as $86.54. On average, 61500970 shares of IWM exchange hands on a given day and today's volume is recorded at 15565821. 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 $81.75 area where the stock will likely see buying pressure.
Shares of SIRIUS XM Radio Inc. (SIRI) remained unchanged at $2.25. In the past year, the shares have traded as low as $0.91 and as high as $2.44. On average, 86522650 shares of SIRI exchange hands on a given day and today's volume is recorded at 13915147. 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 $2.15 area where the stock will likely see buying pressure.
Shares of Capital One Financial Corp. (COF) fell by 0.85% or $-0.43/share to $50.44. In the past year, the shares have traded as low as $35.98 and as high as $56.26. On average, 4264100 shares of COF exchange hands on a given day and today's volume is recorded at 12644367. 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 $52.10 represents resistance and the 200-day moving average of $47.00 would be an area of support.
Shares of Microsoft Corporation (MSFT) traded higher by 0.79% or $0.21/share to $26.84. In the past year, the shares have traded as low as $22.89 and as high as $29.09. On average, 63294610 shares of MSFT exchange hands on a given day and today's volume is recorded at 12200195. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $25.88 area.
