The following stocks were detected to be trading among the most active on August 30: ProShares UltraShort S&P500, iShares MSCI Emerging Markets Index, Ford Motor Co, General Electric Co, and Intel 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 ProShares UltraShort S&P500 (SDS) traded higher by 1.18% or $0.27/share to $23.16. In the past year, the shares have traded as low as $19.48 and as high as $35.97. On average, 37201880 shares of SDS exchange hands on a given day and today's volume is recorded at 17103080. 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 $22.39 area where the stock will likely see buying pressure.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 0.24% or $-0.10/share to $41.73. In the past year, the shares have traded as low as $38.71 and as high as $49.93. On average, 61905330 shares of EEM exchange hands on a given day and today's volume is recorded at 17129780. 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 $44.70 area but be careful because the stock may face selling pressure at this level.
Shares of Ford Motor Co. (F) fell by 1.37% or $-0.15/share to $10.78. In the past year, the shares have traded as low as $9.81 and as high as $18.97. On average, 73739280 shares of F exchange hands on a given day and today's volume is recorded at 15298637. 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 $12.24 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Co. (GE) fell by 1.05% or $-0.17/share to $15.87. In the past year, the shares have traded as low as $13.88 and as high as $21.33. On average, 66186080 shares of GE exchange hands on a given day and today's volume is recorded at 14394616. 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 $17.52 area but be careful because the stock may face selling pressure at this level.
Shares of Intel Corporation (INTC) fell by 0.99% or $-0.20/share to $20.1. In the past year, the shares have traded as low as $17.01 and as high as $23.73. On average, 56980990 shares of INTC exchange hands on a given day and today's volume is recorded at 13784470. 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 $21.12 area where the stock may encounter resistance.
