The following stocks were detected to be trading among the most active on August 18: iShares MSCI Emerging Markets Index, Cisco Systems, Inc, General Electric Co, Citigroup, Inc, and EMC 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 iShares MSCI Emerging Markets Index (EEM) fell by 5.03% or $-2.12/share to $40.05. In the past year, the shares have traded as low as $38.60 and as high as $49.93. On average, 59598980 shares of EEM exchange hands on a given day and today's volume is recorded at 42803688. 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 $45.60 area but be careful because the stock may face selling pressure at this level.
Shares of Cisco Systems, Inc. (CSCO) fell by 4.67% or $-0.74/share to $15.11. In the past year, the shares have traded as low as $13.30 and as high as $24.42. On average, 74523490 shares of CSCO exchange hands on a given day and today's volume is recorded at 37066904. 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 $15.43 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Co. (GE) fell by 5.18% or $-0.84/share to $15.39. In the past year, the shares have traded as low as $13.83 and as high as $21.33. On average, 62311950 shares of GE exchange hands on a given day and today's volume is recorded at 36039408. 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 $17.98 area but be careful because the stock may face selling pressure at this level.
Shares of Citigroup, Inc. (C) fell by 9.01% or $-2.69/share to $27.16. In the past year, the shares have traded as low as $26.25 and as high as $51.47. On average, 45293810 shares of C exchange hands on a given day and today's volume is recorded at 34842124. 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 $37.62 area but be careful because the stock may face selling pressure at this level.
Shares of EMC Corporation (EMC) fell by 10.48% or $-2.36/share to $20.15. In the past year, the shares have traded as low as $17.90 and as high as $28.73. On average, 21160210 shares of EMC exchange hands on a given day and today's volume is recorded at 32992332. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $25.42 area where the stock may encounter resistance.
