The following stocks were detected to be trading among the most active on July 14: PowerShares QQQ, Intel Corporation, Southern Union Co, General Electric Co, and iShares MSCI Japan Index. 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 PowerShares QQQ (QQQ) traded higher by 0.52% or $0.30/share to $58.06. In the past year, the shares have traded as low as $42.63 and as high as $59.36. On average, 52638020 shares of QQQ exchange hands on a given day and today's volume is recorded at 11575857. 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 $56.82 area where the stock will likely see buying pressure.
Shares of Intel Corporation (INTC) traded higher by 0.56% or $0.13/share to $22.6. In the past year, the shares have traded as low as $17.18 and as high as $23.96. On average, 65179460 shares of INTC exchange hands on a given day and today's volume is recorded at 10875396. 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 $22.40 area where the stock will likely see buying pressure.
Shares of Southern Union Co. (SUG) traded higher by 4.69% or $1.95/share to $43.55. In the past year, the shares have traded as low as $21.54 and as high as $42.53. On average, 2866950 shares of SUG exchange hands on a given day and today's volume is recorded at 9860788. 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 $32.55 area where the stock will likely see buying pressure.
Shares of General Electric Co. (GE) traded higher by 1.21% or $0.22/share to $18.73. In the past year, the shares have traded as low as $13.83 and as high as $21.33. On average, 50183450 shares of GE exchange hands on a given day and today's volume is recorded at 9745889. 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 $19.01 represents resistance and the 200-day moving average of $18.46 would be an area of support.
Shares of iShares MSCI Japan Index (EWJ) fell by 0.09% or $-0.01/share to $10.67. In the past year, the shares have traded as low as $9.13 and as high as $11.53. On average, 29297330 shares of EWJ exchange hands on a given day and today's volume is recorded at 9405753. 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 $10.40 area.
