The following stocks were detected to be trading among the most active on August 31: SIRIUS XM Radio Inc, PowerShares QQQ, iShares MSCI Emerging Markets Index, Ford Motor Co, 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 SIRIUS XM Radio Inc. (SIRI) traded higher by 1.94% or $0.04/share to $1.84. In the past year, the shares have traded as low as $0.95 and as high as $2.45. On average, 93660950 shares of SIRI exchange hands on a given day and today's volume is recorded at 23510636. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $2.02 represents resistance and the 200-day moving average of $1.83 would be an area of support.
Shares of PowerShares QQQ (QQQ) traded higher by 1.09% or $0.60/share to $55.57. In the past year, the shares have traded as low as $42.84 and as high as $59.83. On average, 76089470 shares of QQQ exchange hands on a given day and today's volume is recorded at 21059320. 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 $55.70 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 2.17% or $0.91/share to $42.8. In the past year, the shares have traded as low as $38.71 and as high as $49.92. On average, 61751120 shares of EEM exchange hands on a given day and today's volume is recorded at 20625712. 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 $44.63 area but be careful because the stock may face selling pressure at this level.
Shares of Ford Motor Co. (F) traded higher by 3.04% or $0.33/share to $11.2. In the past year, the shares have traded as low as $9.81 and as high as $18.97. On average, 73379370 shares of F exchange hands on a given day and today's volume is recorded at 20444088. 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 $12.20 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 4.49% or $0.68/share to $15.81. In the past year, the shares have traded as low as $8.72 and as high as $34.29. On average, 37422600 shares of FAS exchange hands on a given day and today's volume is recorded at 19670400. 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 $20.41 area but be careful because the stock may face selling pressure at this level.
