The following stocks were detected to be trading among the most active on September 23: PowerShares QQQ, Hewlett-Packard Company, iShares Silver Trust, Ford Motor Co, and ProShares UltraShort S&P500. 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 0.71% or $0.38/share to $53.96. In the past year, the shares have traded as low as $47.84 and as high as $59.72. On average, 82160680 shares of QQQ exchange hands on a given day and today's volume is recorded at 33833232. 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 $54.93 area but be careful because the stock may face selling pressure at this level.
Shares of Hewlett-Packard Company (HPQ) fell by 3.51% or $-0.80/share to $22.0. In the past year, the shares have traded as low as $22.13 and as high as $48.87. On average, 26276660 shares of HPQ exchange hands on a given day and today's volume is recorded at 28590444. 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 $29.06 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Silver Trust (SLV) fell by 8.36% or $-2.92/share to $32.0. In the past year, the shares have traded as low as $20.46 and as high as $48.35. On average, 35316750 shares of SLV exchange hands on a given day and today's volume is recorded at 27054684. 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 $35.13 area where the stock may encounter resistance.
Shares of Ford Motor Co. (F) traded higher by 1.77% or $0.17/share to $9.79. In the past year, the shares have traded as low as $9.43 and as high as $18.97. On average, 70262890 shares of F exchange hands on a given day and today's volume is recorded at 27126798. 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 $11.18 area but be careful because the stock may face selling pressure at this level.
Shares of ProShares UltraShort S&P500 (SDS) fell by 1.02% or $-0.26/share to $25.47. In the past year, the shares have traded as low as $19.48 and as high as $30.68. On average, 43230770 shares of SDS exchange hands on a given day and today's volume is recorded at 25835756. 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 $23.30 area where the stock will likely see buying pressure.
