The following stocks were detected to be trading among the most active on September 23: Intel Corporation, Direxion Daily Financial Bull 3X Shares, Citigroup, Inc, General Electric Co, and SPDR Gold Shares. 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 1.5% or $0.32/share to $21.94. In the past year, the shares have traded as low as $18.13 and as high as $23.73. On average, 58250970 shares of INTC exchange hands on a given day and today's volume is recorded at 24811952. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $21.12 area.
Shares of Direxion Daily Financial Bull 3X Shares (FAS) traded higher by 2.65% or $0.27/share to $10.47. In the past year, the shares have traded as low as $8.72 and as high as $34.29. On average, 46033600 shares of FAS exchange hands on a given day and today's volume is recorded at 23917600. 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 $16.61 area but be careful because the stock may face selling pressure at this level.
Shares of Citigroup, Inc. (C) traded higher by 3.13% or $0.75/share to $24.71. In the past year, the shares have traded as low as $23.19 and as high as $51.47. On average, 47731450 shares of C exchange hands on a given day and today's volume is recorded at 22105698. 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 $31.79 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Co. (GE) traded higher by 1.06% or $0.16/share to $15.2. In the past year, the shares have traded as low as $14.58 and as high as $21.13. On average, 75214210 shares of GE exchange hands on a given day and today's volume is recorded at 20426532. 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 $16.38 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR Gold Shares (GLD) fell by 3.37% or $-5.70/share to $163.35. In the past year, the shares have traded as low as $125.81 and as high as $185.86. On average, 23535500 shares of GLD exchange hands on a given day and today's volume is recorded at 19926380. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $169.61 represents resistance and the 200-day moving average of $148.20 would be an area of support.
