The following stocks were detected to be trading among the most active on September 27: JPMorgan Chase & Co, General Electric Co, Ford Motor Co, Intel Corporation, and ProShares UltraShort S&P500. 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 JPMorgan Chase & Co. (JPM) traded higher by 4.01% or $1.27/share to $32.92. In the past year, the shares have traded as low as $28.53 and as high as $47.81. On average, 44430610 shares of JPM exchange hands on a given day and today's volume is recorded at 19613614. 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 $36.12 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Co. (GE) traded higher by 2.13% or $0.33/share to $15.9. In the past year, the shares have traded as low as $14.58 and as high as $21.12. On average, 75360790 shares of GE exchange hands on a given day and today's volume is recorded at 18650056. 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 $16.27 area but be careful because the stock may face selling pressure at this level.
Shares of Ford Motor Co. (F) traded higher by 1.19% or $0.12/share to $10.2. In the past year, the shares have traded as low as $9.32 and as high as $18.97. On average, 69998200 shares of F exchange hands on a given day and today's volume is recorded at 18245154. 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 $11.05 area but be careful because the stock may face selling pressure at this level.
Shares of Intel Corporation (INTC) traded higher by 1.98% or $0.44/share to $22.68. In the past year, the shares have traded as low as $18.14 and as high as $23.73. On average, 57636380 shares of INTC exchange hands on a given day and today's volume is recorded at 17601596. 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 $21.13 area.
Shares of ProShares UltraShort S&P500 (SDS) fell by 4.21% or $-1.02/share to $23.23. In the past year, the shares have traded as low as $19.48 and as high as $30.09. On average, 44240780 shares of SDS exchange hands on a given day and today's volume is recorded at 16921676. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $23.47 represents resistance and the 200-day moving average of $22.12 would be an area of support.
