The following stocks were detected to be trading among the most active on July 8: Cisco Systems, Inc, iShares MSCI Emerging Markets Index, ProShares UltraShort S&P500, Pfizer Inc, and Intel 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 Cisco Systems, Inc. (CSCO) fell by 1.54% or $-0.24/share to $15.65. In the past year, the shares have traded as low as $14.72 and as high as $25.80. On average, 73990590 shares of CSCO exchange hands on a given day and today's volume is recorded at 12927808. 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 $16.12 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 1.71% or $-0.83/share to $47.65. In the past year, the shares have traded as low as $37.88 and as high as $49.93. On average, 55227940 shares of EEM exchange hands on a given day and today's volume is recorded at 14293528. 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 $47.05 area where the stock will likely see buying pressure.
Shares of ProShares UltraShort S&P500 (SDS) traded higher by 2.5% or $0.49/share to $20.07. In the past year, the shares have traded as low as $19.48 and as high as $36.17. On average, 21230160 shares of SDS exchange hands on a given day and today's volume is recorded at 11607486. 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 $20.93 area but be careful because the stock may face selling pressure at this level.
Shares of Pfizer Inc. (PFE) fell by 0.17% or $-0.03/share to $20.2. In the past year, the shares have traded as low as $13.81 and as high as $21.46. On average, 45659480 shares of PFE exchange hands on a given day and today's volume is recorded at 11780202. 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 $20.63 represents resistance and the 200-day moving average of $18.67 would be an area of support.
Shares of Intel Corporation (INTC) fell by 0.8% or $-0.19/share to $23.05. In the past year, the shares have traded as low as $17.18 and as high as $23.97. On average, 65436300 shares of INTC exchange hands on a given day and today's volume is recorded at 10534706. 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 $22.41 area where the stock will likely see buying pressure.
