The following stocks were detected to be trading among the most active on September 14: Sprint Nextel Corp, iShares Russell 2000 Index, Micron Technology Inc, PowerShares QQQ, and Direxion Daily Financial Bull 3X 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 Sprint Nextel Corp. (S) fell by 3.36% or $-0.12/share to $3.45. In the past year, the shares have traded as low as $2.98 and as high as $6.45. On average, 62279500 shares of S exchange hands on a given day and today's volume is recorded at 25488894. 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 $4.16 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Russell 2000 Index (IWM) fell by 0.59% or $-0.41/share to $68.77. In the past year, the shares have traded as low as $63.50 and as high as $86.55. On average, 81878760 shares of IWM exchange hands on a given day and today's volume is recorded at 24129240. 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 $74.92 area but be careful because the stock may face selling pressure at this level.
Shares of Micron Technology Inc. (MU) traded higher by 1.68% or $0.12/share to $6.97. In the past year, the shares have traded as low as $5.18 and as high as $11.94. On average, 39323670 shares of MU exchange hands on a given day and today's volume is recorded at 23057308. 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 $9.01 represents resistance and the 50-day moving average of $6.64 would be an area of support.
Shares of PowerShares QQQ (QQQ) traded higher by 0.11% or $0.06/share to $54.64. In the past year, the shares have traded as low as $46.70 and as high as $59.83. On average, 77923010 shares of QQQ exchange hands on a given day and today's volume is recorded at 22350386. 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 $55.39 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 1.9% or $-0.24/share to $12.37. In the past year, the shares have traded as low as $8.72 and as high as $34.29. On average, 41994260 shares of FAS exchange hands on a given day and today's volume is recorded at 20722040. 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 $18.41 area but be careful because the stock may face selling pressure at this level.
