The following stocks were detected to be trading among the most active on September 7: NVIDIA Corporation, General Electric Co, SIRIUS XM Radio Inc, PowerShares QQQ, and SPDR Gold Shares. 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 NVIDIA Corporation (NVDA) traded higher by 5.46% or $0.72/share to $13.9. In the past year, the shares have traded as low as $9.85 and as high as $26.17. On average, 20561530 shares of NVDA exchange hands on a given day and today's volume is recorded at 15320564. 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 $13.93 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Co. (GE) traded higher by 2.89% or $0.44/share to $15.69. In the past year, the shares have traded as low as $14.76 and as high as $21.33. On average, 67183480 shares of GE exchange hands on a given day and today's volume is recorded at 13525403. 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 $17.27 area but be careful because the stock may face selling pressure at this level.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 4.14% or $0.07/share to $1.76. In the past year, the shares have traded as low as $0.99 and as high as $2.44. On average, 87381600 shares of SIRI exchange hands on a given day and today's volume is recorded at 12298516. 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 PowerShares QQQ (QQQ) traded higher by 1.46% or $0.78/share to $54.07. In the past year, the shares have traded as low as $45.27 and as high as $59.83. On average, 76836850 shares of QQQ exchange hands on a given day and today's volume is recorded at 12115589. 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 $55.62 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR Gold Shares (GLD) fell by 4.48% or $-8.19/share to $174.71. In the past year, the shares have traded as low as $121.38 and as high as $185.84. On average, 21816490 shares of GLD exchange hands on a given day and today's volume is recorded at 11745813. 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 $163.02 area where the stock will likely see buying pressure.
