The following stocks were detected to be trading among the most active on August 4: Dendreon Corp, Sprint Nextel Corp, Ford Motor Co, iShares MSCI Emerging Markets Index, and General Electric Co. 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 Dendreon Corp. (DNDN) fell by 67.47% or $-24.18/share to $11.66. In the past year, the shares have traded as low as $31.31 and as high as $43.97. On average, 2539610 shares of DNDN exchange hands on a given day and today's volume is recorded at 34594864. 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 $37.22 area where the stock may encounter resistance.
Shares of Sprint Nextel Corp. (S) fell by 6.27% or $-0.26/share to $3.89. In the past year, the shares have traded as low as $3.70 and as high as $6.45. On average, 55194730 shares of S exchange hands on a given day and today's volume is recorded at 29981433. 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 $4.69 area where the stock may encounter resistance.
Shares of Ford Motor Co. (F) fell by 4.03% or $-0.47/share to $11.18. In the past year, the shares have traded as low as $10.95 and as high as $18.97. On average, 62353740 shares of F exchange hands on a given day and today's volume is recorded at 28702519. 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 $13.41 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 3.87% or $-1.76/share to $43.7. In the past year, the shares have traded as low as $38.60 and as high as $49.93. On average, 53150230 shares of EEM exchange hands on a given day and today's volume is recorded at 26548376. 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 $46.55 area where the stock may encounter resistance.
Shares of General Electric Co. (GE) fell by 2.72% or $-0.48/share to $17.0. In the past year, the shares have traded as low as $13.83 and as high as $21.34. On average, 51486840 shares of GE exchange hands on a given day and today's volume is recorded at 25955112. 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 $18.58 area but be careful because the stock may face selling pressure at this level.
