The following stocks were detected to be trading among the most active on September 12: General Electric Co, ProShares UltraShort S&P500, iShares MSCI Emerging Markets Index, SIRIUS XM Radio Inc, and NetLogic Microsystems Inc. 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 1.19% or $-0.18/share to $14.91. In the past year, the shares have traded as low as $14.82 and as high as $21.33. On average, 69965910 shares of GE exchange hands on a given day and today's volume is recorded at 27761592. 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 $17.10 area but be careful because the stock may face selling pressure at this level.
Shares of ProShares UltraShort S&P500 (SDS) traded higher by 2.13% or $0.53/share to $25.42. In the past year, the shares have traded as low as $19.48 and as high as $31.81. On average, 39762380 shares of SDS exchange hands on a given day and today's volume is recorded at 22983770. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $22.69 area where the stock will likely see buying pressure.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 1.77% or $-0.71/share to $39.3. In the past year, the shares have traded as low as $38.71 and as high as $49.92. On average, 63684530 shares of EEM exchange hands on a given day and today's volume is recorded at 22749024. 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 $44.02 area but be careful because the stock may face selling pressure at this level.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 2.03% or $-0.03/share to $1.68. In the past year, the shares have traded as low as $1.03 and as high as $2.43. On average, 85568840 shares of SIRI exchange hands on a given day and today's volume is recorded at 20687204. 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 $1.83 area where the stock may encounter resistance.
Shares of NetLogic Microsystems Inc. (NETL) traded higher by 50.19% or $16.01/share to $47.92. In the past year, the shares have traded as low as $22.95 and as high as $43.71. On average, 1511810 shares of NETL exchange hands on a given day and today's volume is recorded at 20215004. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $36.57 area.
