The following stocks were detected to be trading among the most active on September 29: Intel Corporation, iShares FTSE China 25 Index Fund, Micron Technology Inc, General Electric Co, and Ford Motor Co. 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 0.36% or $0.08/share to $22.39. In the past year, the shares have traded as low as $18.14 and as high as $23.73. On average, 58906470 shares of INTC exchange hands on a given day and today's volume is recorded at 18603978. 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 $21.14 area.
Shares of iShares FTSE China 25 Index Fund (FXI) traded higher by 1.26% or $0.41/share to $32.9. In the past year, the shares have traded as low as $31.32 and as high as $47.02. On average, 20433520 shares of FXI exchange hands on a given day and today's volume is recorded at 16766003. 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 $37.53 area but be careful because the stock may face selling pressure at this level.
Shares of Micron Technology Inc. (MU) fell by 4.25% or $-0.26/share to $5.86. In the past year, the shares have traded as low as $5.18 and as high as $11.95. On average, 39385360 shares of MU exchange hands on a given day and today's volume is recorded at 15610516. 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 $6.47 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Co. (GE) traded higher by 2.27% or $0.35/share to $15.8. In the past year, the shares have traded as low as $14.58 and as high as $21.13. On average, 76183910 shares of GE exchange hands on a given day and today's volume is recorded at 15459785. 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 $16.16 area but be careful because the stock may face selling pressure at this level.
Shares of Ford Motor Co. (F) traded higher by 0.65% or $0.06/share to $9.99. In the past year, the shares have traded as low as $9.32 and as high as $18.96. On average, 70069500 shares of F exchange hands on a given day and today's volume is recorded at 14978684. 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 $10.93 area but be careful because the stock may face selling pressure at this level.
