The following stocks were detected to be trading among the most active on July 8: Microsoft Corporation, Ford Motor Co, General Electric Co, SIRIUS XM Radio Inc, and News Corp. 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 Microsoft Corporation (MSFT) traded higher by 0.01% or $0.00/share to $26.77. In the past year, the shares have traded as low as $22.89 and as high as $29.09. On average, 62629080 shares of MSFT exchange hands on a given day and today's volume is recorded at 18757704. 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 $25.82 area.
Shares of Ford Motor Co. (F) fell by 2.2% or $-0.31/share to $13.81. In the past year, the shares have traded as low as $10.45 and as high as $18.97. On average, 62007080 shares of F exchange hands on a given day and today's volume is recorded at 17386768. 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 $14.30 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Co. (GE) fell by 1.76% or $-0.34/share to $18.96. In the past year, the shares have traded as low as $13.83 and as high as $21.33. On average, 49556190 shares of GE exchange hands on a given day and today's volume is recorded at 14405577. 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 $19.15 represents resistance and the 200-day moving average of $18.41 would be an area of support.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 1.35% or $-0.03/share to $2.19. In the past year, the shares have traded as low as $0.91 and as high as $2.44. On average, 84486460 shares of SIRI exchange hands on a given day and today's volume is recorded at 13364592. 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 $2.13 area where the stock will likely see buying pressure.
Shares of News Corp. (NWSA) fell by 3.87% or $-0.67/share to $16.75. In the past year, the shares have traded as low as $11.79 and as high as $18.34. On average, 15596030 shares of NWSA exchange hands on a given day and today's volume is recorded at 13331578. 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 $17.23 represents resistance and the 200-day moving average of $15.82 would be an area of support.
