The following stocks were detected to be trading among the most active on August 19: Financial Select Sector SPDR, Cisco Systems, Inc, PowerShares QQQ, General Electric Co, and Microsoft Corporation. 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 Financial Select Sector SPDR (XLF) traded higher by 0.65% or $0.08/share to $12.46. In the past year, the shares have traded as low as $12.04 and as high as $17.09. On average, 102447350 shares of XLF exchange hands on a given day and today's volume is recorded at 28402086. 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 $14.53 area but be careful because the stock may face selling pressure at this level.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 2.0% or $0.30/share to $15.31. In the past year, the shares have traded as low as $13.30 and as high as $24.42. On average, 74709150 shares of CSCO exchange hands on a given day and today's volume is recorded at 22709468. 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 PowerShares QQQ (QQQ) traded higher by 0.77% or $0.39/share to $51.34. In the past year, the shares have traded as low as $42.63 and as high as $59.83. On average, 71845670 shares of QQQ exchange hands on a given day and today's volume is recorded at 22768208. 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 $55.99 area where the stock may encounter resistance.
Shares of General Electric Co. (GE) traded higher by 0.86% or $0.13/share to $15.47. In the past year, the shares have traded as low as $13.83 and as high as $21.32. On average, 63456470 shares of GE exchange hands on a given day and today's volume is recorded at 21589586. 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 $17.92 area but be careful because the stock may face selling pressure at this level.
Shares of Microsoft Corporation (MSFT) fell by 0.77% or $-0.19/share to $24.48. In the past year, the shares have traded as low as $22.74 and as high as $28.91. On average, 65166450 shares of MSFT exchange hands on a given day and today's volume is recorded at 21284028. 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 $25.66 area but be careful because the stock may face selling pressure at this level.
