The following stocks were detected to be trading among the most active on September 7: Intel Corporation, Micron Technology Inc, Direxion Daily Financial Bull 3X Shares, Ford Motor Co, and Sprint Nextel Corp. 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 Intel Corporation (INTC) traded higher by 2.15% or $0.42/share to $19.96. In the past year, the shares have traded as low as $17.17 and as high as $23.73. On average, 56193890 shares of INTC exchange hands on a given day and today's volume is recorded at 10644486. 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 $21.10 area where the stock may encounter resistance.
Shares of Micron Technology Inc. (MU) traded higher by 5.11% or $0.29/share to $5.96. In the past year, the shares have traded as low as $5.18 and as high as $11.95. On average, 38900810 shares of MU exchange hands on a given day and today's volume is recorded at 10590714. 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 $6.75 area but be careful because the stock may face selling pressure at this level.
Shares of Direxion Daily Financial Bull 3X Shares (FAS) traded higher by 8.07% or $1.00/share to $13.38. In the past year, the shares have traded as low as $8.72 and as high as $34.29. On average, 39347270 shares of FAS exchange hands on a given day and today's volume is recorded at 10235715. 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 $19.63 area but be careful because the stock may face selling pressure at this level.
Shares of Ford Motor Co. (F) traded higher by 2.54% or $0.26/share to $10.48. In the past year, the shares have traded as low as $9.81 and as high as $18.97. On average, 73480850 shares of F exchange hands on a given day and today's volume is recorded at 10158427. 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 $11.99 area but be careful because the stock may face selling pressure at this level.
Shares of Sprint Nextel Corp. (S) traded higher by 1.63% or $0.05/share to $3.42. In the past year, the shares have traded as low as $2.98 and as high as $6.44. On average, 63178130 shares of S exchange hands on a given day and today's volume is recorded at 9839023. 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 $4.33 area but be careful because the stock may face selling pressure at this level.
