The following stocks were detected to be trading among the most active on August 26: iShares Russell 2000 Index, iShares MSCI Emerging Markets Index, ProShares UltraShort S&P500, SIRIUS XM Radio Inc, and Sprint Nextel 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 iShares Russell 2000 Index (IWM) traded higher by 1.14% or $0.77/share to $68.27. In the past year, the shares have traded as low as $58.84 and as high as $86.55. On average, 79405290 shares of IWM exchange hands on a given day and today's volume is recorded at 38315552. 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 $77.42 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 0.65% or $0.26/share to $40.1. In the past year, the shares have traded as low as $38.71 and as high as $49.93. On average, 61355670 shares of EEM exchange hands on a given day and today's volume is recorded at 37947160. 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 $44.87 area but be careful because the stock may face selling pressure at this level.
Shares of ProShares UltraShort S&P500 (SDS) fell by 1.2% or $-0.30/share to $24.72. In the past year, the shares have traded as low as $19.48 and as high as $36.16. On average, 36227110 shares of SDS exchange hands on a given day and today's volume is recorded at 33187960. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $22.38 area.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 1.18% or $0.02/share to $1.71. In the past year, the shares have traded as low as $0.95 and as high as $2.44. On average, 93128710 shares of SIRI exchange hands on a given day and today's volume is recorded at 26411320. 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 $1.82 area where the stock may encounter resistance.
Shares of Sprint Nextel Corp. (S) remained unchanged at $3.23. In the past year, the shares have traded as low as $2.98 and as high as $6.45. On average, 61150300 shares of S exchange hands on a given day and today's volume is recorded at 24066896. 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 $4.57 area but be careful because the stock may face selling pressure at this level.
