The following stocks were detected to be trading among the most active on August 24: Pfizer Inc, ProShares UltraShort S&P500, General Electric Co, Cisco Systems, Inc, and iShares Silver Trust. 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 Pfizer Inc. (PFE) traded higher by 0.85% or $0.15/share to $17.83. In the past year, the shares have traded as low as $15.02 and as high as $21.22. On average, 50652500 shares of PFE exchange hands on a given day and today's volume is recorded at 13411671. 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 $18.77 area where the stock may encounter resistance.
Shares of ProShares UltraShort S&P500 (SDS) fell by 2.2% or $-0.59/share to $26.18. In the past year, the shares have traded as low as $19.48 and as high as $36.17. On average, 34737380 shares of SDS exchange hands on a given day and today's volume is recorded at 13056186. 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 $22.39 area.
Shares of General Electric Co. (GE) traded higher by 0.4% or $0.06/share to $15.17. In the past year, the shares have traded as low as $13.83 and as high as $21.33. On average, 64406190 shares of GE exchange hands on a given day and today's volume is recorded at 12466850. 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 $17.79 area but be careful because the stock may face selling pressure at this level.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 1.9% or $0.29/share to $15.3. In the past year, the shares have traded as low as $13.30 and as high as $24.43. On average, 75336650 shares of CSCO exchange hands on a given day and today's volume is recorded at 12258519. 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 $15.43 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Silver Trust (SLV) fell by 1.06% or $-0.45/share to $42.18. In the past year, the shares have traded as low as $17.48 and as high as $48.35. On average, 37907490 shares of SLV exchange hands on a given day and today's volume is recorded at 11429245. 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 $37.01 area where the stock will likely see buying pressure.
