The following stocks were detected to be trading among the most active on September 21: PowerShares QQQ, Freeport-McMoRan Copper & Gold Inc, Frontier Communications Corporation, General Electric Co, and Vanguard MSCI Emerging Markets ETF. 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 PowerShares QQQ (QQQ) traded higher by 0.2% or $0.11/share to $56.47. In the past year, the shares have traded as low as $47.84 and as high as $59.72. On average, 79987540 shares of QQQ exchange hands on a given day and today's volume is recorded at 14482120. 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 $56.04 area.
Shares of Freeport-McMoRan Copper & Gold Inc. (FCX) fell by 6.1% or $-2.35/share to $36.2. In the past year, the shares have traded as low as $38.13 and as high as $60.78. On average, 17779150 shares of FCX exchange hands on a given day and today's volume is recorded at 13009836. 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 $47.48 area but be careful because the stock may face selling pressure at this level.
Shares of Frontier Communications Corporation (FTR) fell by 5.01% or $-0.34/share to $6.44. In the past year, the shares have traded as low as $6.12 and as high as $9.16. On average, 13899230 shares of FTR exchange hands on a given day and today's volume is recorded at 12941145. 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 $7.10 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Co. (GE) fell by 0.69% or $-0.11/share to $15.93. In the past year, the shares have traded as low as $14.58 and as high as $21.13. On average, 73947850 shares of GE exchange hands on a given day and today's volume is recorded at 12727721. 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 $16.51 area but be careful because the stock may face selling pressure at this level.
Shares of Vanguard MSCI Emerging Markets ETF (VWO) fell by 1.67% or $-0.67/share to $39.54. In the past year, the shares have traded as low as $39.64 and as high as $50.92. On average, 25872000 shares of VWO exchange hands on a given day and today's volume is recorded at 12651109. 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 $44.01 area but be careful because the stock may face selling pressure at this level.
