The following stocks were detected to be trading among the most active on September 9: iShares MSCI Emerging Markets Index, Direxion Daily Financial Bull 3X Shares, Micron Technology Inc, Financial Select Sector SPDR, and Pfizer 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 iShares MSCI Emerging Markets Index (EEM) fell by 1.76% or $-0.73/share to $40.68. In the past year, the shares have traded as low as $38.71 and as high as $49.93. On average, 63122180 shares of EEM exchange hands on a given day and today's volume is recorded at 21934264. 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 $44.16 area but be careful because the stock may face selling pressure at this level.
Shares of Direxion Daily Financial Bull 3X Shares (FAS) fell by 2.73% or $-0.36/share to $12.85. In the past year, the shares have traded as low as $8.72 and as high as $34.29. On average, 40210580 shares of FAS exchange hands on a given day and today's volume is recorded at 21540644. 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 $19.23 area but be careful because the stock may face selling pressure at this level.
Shares of Micron Technology Inc. (MU) traded higher by 6.24% or $0.39/share to $6.64. In the past year, the shares have traded as low as $5.18 and as high as $11.95. On average, 38855050 shares of MU exchange hands on a given day and today's volume is recorded at 21136908. 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 $6.71 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) fell by 1.07% or $-0.14/share to $12.49. In the past year, the shares have traded as low as $11.81 and as high as $17.08. On average, 109141980 shares of XLF exchange hands on a given day and today's volume is recorded at 20830848. 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 $13.92 area but be careful because the stock may face selling pressure at this level.
Shares of Pfizer Inc. (PFE) fell by 1.67% or $-0.31/share to $18.5. In the past year, the shares have traded as low as $15.74 and as high as $21.21. On average, 51785600 shares of PFE exchange hands on a given day and today's volume is recorded at 18362030. 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 $18.88 area but be careful because the stock may face selling pressure at this level.
