The following stocks were detected to be trading among the most active on August 22: Sprint Nextel Corp, iShares Russell 2000 Index, Microsoft Corporation, Cisco Systems, Inc, and Direxion Daily Financial Bull 3X Shares. 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 1.75% or $-0.06/share to $3.36. In the past year, the shares have traded as low as $2.98 and as high as $6.45. On average, 63174730 shares of S exchange hands on a given day and today's volume is recorded at 12433413. 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 $4.63 area where the stock may encounter resistance.
Shares of iShares Russell 2000 Index (IWM) traded higher by 1.19% or $0.78/share to $66.06. In the past year, the shares have traded as low as $58.09 and as high as $86.55. On average, 78046590 shares of IWM exchange hands on a given day and today's volume is recorded at 11980780. 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 $78.27 area but be careful because the stock may face selling pressure at this level.
Shares of Microsoft Corporation (MSFT) traded higher by 0.54% or $0.13/share to $24.18. In the past year, the shares have traded as low as $22.74 and as high as $28.91. On average, 65785420 shares of MSFT exchange hands on a given day and today's volume is recorded at 11350027. 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 $25.67 area but be careful because the stock may face selling pressure at this level.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 0.86% or $0.13/share to $15.21. In the past year, the shares have traded as low as $13.30 and as high as $24.42. On average, 75058070 shares of CSCO exchange hands on a given day and today's volume is recorded at 10863401. 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 $15.42 area but be careful because the stock may face selling pressure at this level.
Shares of Direxion Daily Financial Bull 3X Shares (FAS) traded higher by 2.66% or $0.32/share to $12.33. In the past year, the shares have traded as low as $8.72 and as high as $34.29. On average, 31810950 shares of FAS exchange hands on a given day and today's volume is recorded at 10787589. 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 $21.77 area but be careful because the stock may face selling pressure at this level.
