The following stocks were detected to be trading among the most active on August 29: PowerShares QQQ, Pfizer Inc, Ford Motor Co, iShares Russell 2000 Index, and Northgate Minerals Corp. 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 PowerShares QQQ (QQQ) traded higher by 1.98% or $1.05/share to $54.18. In the past year, the shares have traded as low as $42.63 and as high as $59.83. On average, 76068460 shares of QQQ exchange hands on a given day and today's volume is recorded at 16568916. 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 $55.66 area but be careful because the stock may face selling pressure at this level.
Shares of Pfizer Inc. (PFE) traded higher by 3.25% or $0.59/share to $18.8. In the past year, the shares have traded as low as $15.13 and as high as $21.21. On average, 51108100 shares of PFE exchange hands on a given day and today's volume is recorded at 15581103. 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 $18.81 area where the stock may encounter resistance.
Shares of Ford Motor Co. (F) traded higher by 4.57% or $0.48/share to $10.88. In the past year, the shares have traded as low as $9.81 and as high as $18.98. On average, 73580630 shares of F exchange hands on a given day and today's volume is recorded at 14712059. 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 $12.29 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Russell 2000 Index (IWM) traded higher by 2.6% or $1.80/share to $70.91. In the past year, the shares have traded as low as $58.85 and as high as $86.55. On average, 79915610 shares of IWM exchange hands on a given day and today's volume is recorded at 13755582. 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 $77.24 area but be careful because the stock may face selling pressure at this level.
Shares of Northgate Minerals Corp. (NXG) traded higher by 38.73% or $1.22/share to $4.37. In the past year, the shares have traded as low as $2.41 and as high as $3.54. On average, 2798040 shares of NXG exchange hands on a given day and today's volume is recorded at 12959150. 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 $3.04 area where the stock will likely see buying pressure.
