The following stocks were detected to be trading among the most active on September 27: SIRIUS XM Radio Inc, iShares Russell 2000 Index, iShares Silver Trust, PowerShares QQQ, and Citigroup, Inc. 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 SIRIUS XM Radio Inc. (SIRI) traded higher by 2.1% or $0.04/share to $1.71. In the past year, the shares have traded as low as $1.15 and as high as $2.45. On average, 85955150 shares of SIRI exchange hands on a given day and today's volume is recorded at 24195796. 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 $1.87 area where the stock may encounter resistance.
Shares of iShares Russell 2000 Index (IWM) traded higher by 2.68% or $1.78/share to $68.15. In the past year, the shares have traded as low as $63.24 and as high as $86.22. On average, 83337760 shares of IWM exchange hands on a given day and today's volume is recorded at 22599344. 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 $71.89 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Silver Trust (SLV) traded higher by 6.62% or $1.97/share to $31.74. In the past year, the shares have traded as low as $20.73 and as high as $48.35. On average, 36818740 shares of SLV exchange hands on a given day and today's volume is recorded at 20369728. 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 $35.15 area where the stock may encounter resistance.
Shares of PowerShares QQQ (QQQ) traded higher by 1.37% or $0.75/share to $55.53. In the past year, the shares have traded as low as $47.84 and as high as $59.72. On average, 82866070 shares of QQQ exchange hands on a given day and today's volume is recorded at 20304268. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $56.06 represents resistance and the 50-day moving average of $54.82 would be an area of support.
Shares of Citigroup, Inc. (C) traded higher by 3.74% or $1.00/share to $27.72. In the past year, the shares have traded as low as $23.19 and as high as $51.47. On average, 47957780 shares of C exchange hands on a given day and today's volume is recorded at 20293656. 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 $31.28 area but be careful because the stock may face selling pressure at this level.
