The following stocks were detected to be trading among the most active on September 9: Yahoo! Inc, JPMorgan Chase & Co, PowerShares QQQ, Ford Motor Co, 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 Yahoo! Inc. (YHOO) traded higher by 0.42% or $0.06/share to $14.5. In the past year, the shares have traded as low as $11.09 and as high as $18.84. On average, 30045590 shares of YHOO exchange hands on a given day and today's volume is recorded at 18826060. 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 $15.80 represents resistance and the 50-day moving average of $13.67 would be an area of support.
Shares of JPMorgan Chase & Co. (JPM) fell by 1.91% or $-0.64/share to $32.87. In the past year, the shares have traded as low as $32.31 and as high as $47.80. On average, 41379070 shares of JPM exchange hands on a given day and today's volume is recorded at 17423716. 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 $38.17 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) fell by 0.42% or $-0.23/share to $54.16. In the past year, the shares have traded as low as $45.88 and as high as $59.83. On average, 77107030 shares of QQQ exchange hands on a given day and today's volume is recorded at 15737407. 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 $55.58 area but be careful because the stock may face selling pressure at this level.
Shares of Ford Motor Co. (F) fell by 0.92% or $-0.10/share to $10.24. In the past year, the shares have traded as low as $9.81 and as high as $18.96. On average, 72538040 shares of F exchange hands on a given day and today's volume is recorded at 15503192. 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 $11.86 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Co. (GE) fell by 1.6% or $-0.25/share to $15.34. In the past year, the shares have traded as low as $14.82 and as high as $21.33. On average, 68324420 shares of GE exchange hands on a given day and today's volume is recorded at 15274644. 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 $17.16 area but be careful because the stock may face selling pressure at this level.
