The following stocks were detected to be trading among the most active on August 24: Sprint Nextel Corp, Citigroup, Inc, ProShares UltraShort S&P500, Intel Corporation, and General Electric Co. 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 Sprint Nextel Corp. (S) fell by 0.28% or $-0.01/share to $3.58. In the past year, the shares have traded as low as $2.98 and as high as $6.45. On average, 62808080 shares of S exchange hands on a given day and today's volume is recorded at 17432152. 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 $4.62 area where the stock may encounter resistance.
Shares of Citigroup, Inc. (C) traded higher by 1.61% or $0.44/share to $27.76. In the past year, the shares have traded as low as $25.40 and as high as $51.47. On average, 47421330 shares of C exchange hands on a given day and today's volume is recorded at 16573151. 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 $36.75 area but be careful because the stock may face selling pressure at this level.
Shares of ProShares UltraShort S&P500 (SDS) fell by 0.84% or $-0.21/share to $24.75. In the past year, the shares have traded as low as $19.48 and as high as $36.17. On average, 35298950 shares of SDS exchange hands on a given day and today's volume is recorded at 14789163. 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 Intel Corporation (INTC) fell by 0.51% or $-0.10/share to $19.61. In the past year, the shares have traded as low as $17.01 and as high as $23.73. On average, 57182530 shares of INTC exchange hands on a given day and today's volume is recorded at 13436869. 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 $21.14 area where the stock may encounter resistance.
Shares of General Electric Co. (GE) fell by 0.13% or $-0.02/share to $15.52. In the past year, the shares have traded as low as $13.83 and as high as $21.33. On average, 64888420 shares of GE exchange hands on a given day and today's volume is recorded at 13380699. 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 $17.74 area but be careful because the stock may face selling pressure at this level.
