The following stocks were detected to be trading among the most active on September 30: iShares MSCI Emerging Markets Index, Micron Technology Inc, iShares Russell 2000 Index, Direxion Daily Financial Bull 3X Shares, 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 iShares MSCI Emerging Markets Index (EEM) fell by 2.0% or $-0.74/share to $36.21. In the past year, the shares have traded as low as $34.71 and as high as $49.92. On average, 70686900 shares of EEM exchange hands on a given day and today's volume is recorded at 24439338. 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 $41.51 area but be careful because the stock may face selling pressure at this level.
Shares of Micron Technology Inc. (MU) fell by 11.93% or $-0.70/share to $5.17. In the past year, the shares have traded as low as $5.18 and as high as $11.95. On average, 39573370 shares of MU exchange hands on a given day and today's volume is recorded at 23644936. 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 $6.44 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Russell 2000 Index (IWM) fell by 1.19% or $-0.79/share to $65.54. In the past year, the shares have traded as low as $63.24 and as high as $86.23. On average, 84584810 shares of IWM exchange hands on a given day and today's volume is recorded at 23421344. 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 $70.93 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 5.54% or $-0.65/share to $11.08. In the past year, the shares have traded as low as $8.72 and as high as $34.29. On average, 49566840 shares of FAS exchange hands on a given day and today's volume is recorded at 22937090. 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 $15.40 area but be careful because the stock may face selling pressure at this level.
Shares of ProShares UltraShort S&P500 (SDS) traded higher by 2.18% or $0.53/share to $24.82. In the past year, the shares have traded as low as $19.48 and as high as $30.07. On average, 45957680 shares of SDS exchange hands on a given day and today's volume is recorded at 20438284. 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 $23.69 area where the stock will likely see buying pressure.
