The following stocks were detected to be trading among the most active on August 5: Financial Select Sector SPDR, iShares MSCI Emerging Markets Index, Ford Motor Co, Brocade Communications Systems, Inc, 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 Financial Select Sector SPDR (XLF) fell by 1.02% or $-0.14/share to $13.55. In the past year, the shares have traded as low as $13.13 and as high as $17.09. On average, 85300700 shares of XLF exchange hands on a given day and today's volume is recorded at 54109660. 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 $15.02 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 1.05% or $-0.45/share to $42.41. In the past year, the shares have traded as low as $38.60 and as high as $49.92. On average, 54024200 shares of EEM exchange hands on a given day and today's volume is recorded at 47951880. 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 $46.54 area where the stock may encounter resistance.
Shares of Ford Motor Co. (F) fell by 0.6% or $-0.07/share to $10.8. In the past year, the shares have traded as low as $10.78 and as high as $18.98. On average, 63628900 shares of F exchange hands on a given day and today's volume is recorded at 45877056. 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 $13.34 area but be careful because the stock may face selling pressure at this level.
Shares of Brocade Communications Systems, Inc. (BRCD) fell by 29.86% or $-1.46/share to $3.43. In the past year, the shares have traded as low as $4.64 and as high as $7.30. On average, 12580330 shares of BRCD exchange hands on a given day and today's volume is recorded at 42018500. 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 $5.98 area where the stock may encounter resistance.
Shares of General Electric Co. (GE) traded higher by 0.18% or $0.03/share to $16.5. In the past year, the shares have traded as low as $13.83 and as high as $21.33. On average, 52583970 shares of GE exchange hands on a given day and today's volume is recorded at 38227088. 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 $18.52 area but be careful because the stock may face selling pressure at this level.
