The following stocks were detected to be trading among the most active on September 5: Ford Motor Co, General Electric Co, PowerShares QQQ, Sprint Nextel Corp, and Cisco Systems, 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 Ford Motor Co. (F) fell by 3.96% or $-0.43/share to $10.42. In the past year, the shares have traded as low as $9.81 and as high as $18.97. On average, 73002800 shares of F exchange hands on a given day and today's volume is recorded at 61841348. 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 $12.11 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Co. (GE) fell by 2.72% or $-0.44/share to $15.76. 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 61660916. 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 PowerShares QQQ (QQQ) fell by 2.35% or $-1.28/share to $53.28. In the past year, the shares have traded as low as $44.37 and as high as $59.83. On average, 76377190 shares of QQQ exchange hands on a given day and today's volume is recorded at 58112816. 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 $55.69 area but be careful because the stock may face selling pressure at this level.
Shares of Sprint Nextel Corp. (S) fell by 5.61% or $-0.21/share to $3.53. In the past year, the shares have traded as low as $2.98 and as high as $6.45. On average, 63645640 shares of S exchange hands on a given day and today's volume is recorded at 55899704. 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 $4.40 area but be careful because the stock may face selling pressure at this level.
Shares of Cisco Systems, Inc. (CSCO) fell by 2.59% or $-0.41/share to $15.41. 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 55415112. 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 $15.50 area but be careful because the stock may face selling pressure at this level.
