The following stocks were detected to be trading among the most active on September 20: Direxion Daily Financial Bull 3X Shares, iShares Russell 2000 Index, MGM Resorts International, Nokia Corporation, and iShares MSCI Emerging Markets Index. 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 Direxion Daily Financial Bull 3X Shares (FAS) traded higher by 2.99% or $0.39/share to $13.45. In the past year, the shares have traded as low as $8.72 and as high as $34.29. On average, 43861470 shares of FAS exchange hands on a given day and today's volume is recorded at 17478910. 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 $17.37 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Russell 2000 Index (IWM) traded higher by 1.12% or $0.79/share to $71.03. In the past year, the shares have traded as low as $63.76 and as high as $86.55. On average, 81574900 shares of IWM exchange hands on a given day and today's volume is recorded at 17404406. 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 $73.81 area but be careful because the stock may face selling pressure at this level.
Shares of MGM Resorts International (MGM) traded higher by 5.51% or $0.60/share to $11.48. In the past year, the shares have traded as low as $9.01 and as high as $16.94. On average, 25034710 shares of MGM exchange hands on a given day and today's volume is recorded at 17270088. 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 $12.31 area but be careful because the stock may face selling pressure at this level.
Shares of Nokia Corporation (NOK) traded higher by 1.02% or $0.06/share to $5.93. In the past year, the shares have traded as low as $4.82 and as high as $11.06. On average, 33343150 shares of NOK exchange hands on a given day and today's volume is recorded at 15301533. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $7.75 represents resistance and the 50-day moving average of $5.81 would be an area of support.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 0.6% or $0.24/share to $39.56. In the past year, the shares have traded as low as $38.70 and as high as $49.92. On average, 64565970 shares of EEM exchange hands on a given day and today's volume is recorded at 15054669. 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 $43.05 area but be careful because the stock may face selling pressure at this level.
