The following stocks were detected to be trading among the most active on September 5: Direxion Daily Financial Bull 3X Shares, Microsoft Corporation, Intel Corporation, Wells Fargo & Company, and JPMorgan Chase & Co. 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 Direxion Daily Financial Bull 3X Shares (FAS) fell by 10.53% or $-1.54/share to $13.09. In the past year, the shares have traded as low as $8.72 and as high as $34.29. On average, 38485820 shares of FAS exchange hands on a given day and today's volume is recorded at 48047592. 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 $20.04 area but be careful because the stock may face selling pressure at this level.
Shares of Microsoft Corporation (MSFT) fell by 1.56% or $-0.41/share to $25.8. In the past year, the shares have traded as low as $23.13 and as high as $28.91. On average, 65583320 shares of MSFT exchange hands on a given day and today's volume is recorded at 43883360. 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 $25.88 area where the stock may encounter resistance.
Shares of Intel Corporation (INTC) fell by 1.75% or $-0.35/share to $19.64. In the past year, the shares have traded as low as $17.16 and as high as $23.73. On average, 56402300 shares of INTC exchange hands on a given day and today's volume is recorded at 42772224. 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 $21.11 area where the stock may encounter resistance.
Shares of Wells Fargo & Company (WFC) fell by 4.08% or $-1.03/share to $24.2. In the past year, the shares have traded as low as $22.58 and as high as $33.96. On average, 42195230 shares of WFC exchange hands on a given day and today's volume is recorded at 42679960. 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 $26.46 area but be careful because the stock may face selling pressure at this level.
Shares of JPMorgan Chase & Co. (JPM) fell by 4.6% or $-1.67/share to $34.63. In the past year, the shares have traded as low as $32.31 and as high as $47.81. On average, 40961190 shares of JPM exchange hands on a given day and today's volume is recorded at 41575572. 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 $38.60 area but be careful because the stock may face selling pressure at this level.
