The following stocks were detected to be trading among the most active on September 2: General Electric Co, Cisco Systems, Inc, Microsoft Corporation, Wells Fargo & Company, and JPMorgan Chase & 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 General Electric Co. (GE) fell by 2.91% or $-0.47/share to $15.73. In the past year, the shares have traded as low as $14.50 and as high as $21.33. On average, 66005649 shares of GE exchange hands on a given day and today's volume is recorded at 18833468. 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 $17.38 area but be careful because the stock may face selling pressure at this level.
Shares of Cisco Systems, Inc. (CSCO) fell by 1.64% or $-0.26/share to $15.56. In the past year, the shares have traded as low as $13.30 and as high as $24.42. On average, 74684050 shares of CSCO exchange hands on a given day and today's volume is recorded at 16645514. 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 $17.59 represents resistance and the 50-day moving average of $15.49 would be an area of support.
Shares of Microsoft Corporation (MSFT) fell by 1.56% or $-0.41/share to $25.8. In the past year, the shares have traded as low as $23.13 and as high as $28.91. On average, 65583320 shares of MSFT exchange hands on a given day and today's volume is recorded at 15187419. 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 $25.88 area where the stock may encounter resistance.
Shares of Wells Fargo & Company (WFC) fell by 4.28% or $-1.08/share to $24.15. In the past year, the shares have traded as low as $22.58 and as high as $33.96. On average, 42195230 shares of WFC exchange hands on a given day and today's volume is recorded at 14292523. 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 $26.46 area but be careful because the stock may face selling pressure at this level.
Shares of JPMorgan Chase & Co. (JPM) fell by 3.61% or $-1.31/share to $34.99. In the past year, the shares have traded as low as $32.31 and as high as $47.81. On average, 40961190 shares of JPM exchange hands on a given day and today's volume is recorded at 14221710. 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 $38.60 area but be careful because the stock may face selling pressure at this level.
