The following stocks were detected to be trading among the most active on September 20: iShares MSCI Japan Index, Microsoft Corporation, Oracle Corp, Molycorp, Inc, and Micron Technology 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 Japan Index (EWJ) traded higher by 0.63% or $0.06/share to $9.65. In the past year, the shares have traded as low as $9.16 and as high as $11.53. On average, 29379370 shares of EWJ exchange hands on a given day and today's volume is recorded at 13559885. 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 $10.01 area but be careful because the stock may face selling pressure at this level.
Shares of Microsoft Corporation (MSFT) traded higher by 0.92% or $0.25/share to $27.46. In the past year, the shares have traded as low as $23.19 and as high as $28.91. On average, 67055220 shares of MSFT exchange hands on a given day and today's volume is recorded at 13312862. 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 $26.05 area where the stock will likely see buying pressure.
Shares of Oracle Corp. (ORCL) traded higher by 0.14% or $0.04/share to $29.06. In the past year, the shares have traded as low as $24.72 and as high as $36.44. On average, 37995210 shares of ORCL exchange hands on a given day and today's volume is recorded at 13192790. 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 $31.57 represents resistance and the 50-day moving average of $28.82 would be an area of support.
Shares of Molycorp, Inc. (MCP) fell by 17.73% or $-9.40/share to $43.61. In the past year, the shares have traded as low as $22.41 and as high as $79.16. On average, 4766000 shares of MCP exchange hands on a given day and today's volume is recorded at 12402911. 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 $54.42 area where the stock may encounter resistance.
Shares of Micron Technology Inc. (MU) traded higher by 1.45% or $0.10/share to $6.98. In the past year, the shares have traded as low as $5.18 and as high as $11.95. On average, 40534640 shares of MU exchange hands on a given day and today's volume is recorded at 12312804. 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 $9.00 represents resistance and the 50-day moving average of $6.59 would be an area of support.
