The following stocks were detected to be trading among the most active on August 10: General Electric Co, Walt Disney Co, Cisco Systems, Inc, Ford Motor Co, and Pfizer Inc. 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 General Electric Co. (GE) fell by 4.32% or $-0.69/share to $15.27. In the past year, the shares have traded as low as $13.83 and as high as $21.33. On average, 58166240 shares of GE exchange hands on a given day and today's volume is recorded at 45620436. 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 $18.33 area but be careful because the stock may face selling pressure at this level.
Shares of Walt Disney Co. (DIS) fell by 11.53% or $-4.00/share to $30.7. In the past year, the shares have traded as low as $31.21 and as high as $44.34. On average, 11984730 shares of DIS exchange hands on a given day and today's volume is recorded at 40761224. 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 $38.74 area but be careful because the stock may face selling pressure at this level.
Shares of Cisco Systems, Inc. (CSCO) fell by 1.49% or $-0.21/share to $13.85. In the past year, the shares have traded as low as $13.30 and as high as $24.42. On average, 74026960 shares of CSCO exchange hands on a given day and today's volume is recorded at 40275512. 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 $15.49 area but be careful because the stock may face selling pressure at this level.
Shares of Ford Motor Co. (F) fell by 3.96% or $-0.43/share to $10.48. In the past year, the shares have traded as low as $9.87 and as high as $18.98. On average, 69318460 shares of F exchange hands on a given day and today's volume is recorded at 36928708. 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 $13.10 area but be careful because the stock may face selling pressure at this level.
Shares of Pfizer Inc. (PFE) fell by 2.73% or $-0.48/share to $17.12. In the past year, the shares have traded as low as $15.02 and as high as $21.21. On average, 48251500 shares of PFE exchange hands on a given day and today's volume is recorded at 34732710. 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 $18.72 area where the stock may encounter resistance.
