The following stocks were detected to be trading among the most active on August 9: Financial Select Sector SPDR, SIRIUS XM Radio Inc, iShares MSCI Emerging Markets Index, General Electric Co, and Citigroup, 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 Financial Select Sector SPDR (XLF) traded higher by 4.06% or $0.49/share to $12.65. In the past year, the shares have traded as low as $12.04 and as high as $17.09. On average, 89532030 shares of XLF exchange hands on a given day and today's volume is recorded at 43140912. 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 $14.92 area but be careful because the stock may face selling pressure at this level.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 5.45% or $0.09/share to $1.74. In the past year, the shares have traded as low as $0.95 and as high as $2.44. On average, 91906550 shares of SIRI exchange hands on a given day and today's volume is recorded at 42664404. 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 $1.80 area where the stock may encounter resistance.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 3.2% or $1.25/share to $40.28. In the past year, the shares have traded as low as $38.60 and as high as $49.93. On average, 56480600 shares of EEM exchange hands on a given day and today's volume is recorded at 40299212. 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 $46.44 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Co. (GE) traded higher by 0.84% or $0.13/share to $15.56. In the past year, the shares have traded as low as $13.83 and as high as $21.33. On average, 55662190 shares of GE exchange hands on a given day and today's volume is recorded at 39221536. 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 $18.39 area but be careful because the stock may face selling pressure at this level.
Shares of Citigroup, Inc. (C) traded higher by 12.95% or $3.62/share to $31.57. In the past year, the shares have traded as low as $26.25 and as high as $51.47. On average, 42989330 shares of C exchange hands on a given day and today's volume is recorded at 35286924. 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 $38.93 area but be careful because the stock may face selling pressure at this level.
