The following stocks were detected to be trading among the most active on August 24: Direxion Daily Financial Bull 3X Shares, PowerShares QQQ, Citigroup, Inc, JPMorgan Chase & Co, and iShares MSCI Emerging Markets Index. 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 Direxion Daily Financial Bull 3X Shares (FAS) traded higher by 2.16% or $0.25/share to $11.84. In the past year, the shares have traded as low as $8.72 and as high as $34.29. On average, 32360510 shares of FAS exchange hands on a given day and today's volume is recorded at 18718496. 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 $21.54 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) traded higher by 1.65% or $0.83/share to $51.04. In the past year, the shares have traded as low as $42.63 and as high as $59.83. On average, 73314460 shares of QQQ exchange hands on a given day and today's volume is recorded at 17635300. 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 $55.82 area but be careful because the stock may face selling pressure at this level.
Shares of Citigroup, Inc. (C) traded higher by 0.65% or $0.17/share to $26.23. In the past year, the shares have traded as low as $25.99 and as high as $51.47. On average, 46897840 shares of C exchange hands on a given day and today's volume is recorded at 17315392. 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 $36.99 area but be careful because the stock may face selling pressure at this level.
Shares of JPMorgan Chase & Co. (JPM) traded higher by 0.13% or $0.04/share to $33.45. In the past year, the shares have traded as low as $33.35 and as high as $47.80. On average, 40037150 shares of JPM exchange hands on a given day and today's volume is recorded at 15744403. 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 $39.28 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 1.16% or $0.46/share to $40.1. In the past year, the shares have traded as low as $38.60 and as high as $49.93. On average, 60907140 shares of EEM exchange hands on a given day and today's volume is recorded at 14813079. 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 $45.20 area but be careful because the stock may face selling pressure at this level.
