The following stocks were detected to be trading among the most active on October 4: iShares MSCI Emerging Markets Index, Annaly Capital Management, Inc, Ford Motor Co, Citigroup, Inc, and Morgan Stanley. 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 2.01% or $-0.69/share to $33.67. In the past year, the shares have traded as low as $34.29 and as high as $49.93. On average, 72547870 shares of EEM exchange hands on a given day and today's volume is recorded at 27296612. 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 $40.99 area but be careful because the stock may face selling pressure at this level.
Shares of Annaly Capital Management, Inc. (NLY) fell by 5.87% or $-0.93/share to $14.91. In the past year, the shares have traded as low as $13.56 and as high as $17.94. On average, 28808910 shares of NLY exchange hands on a given day and today's volume is recorded at 25565594. 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 $16.61 area where the stock may encounter resistance.
Shares of Ford Motor Co. (F) fell by 2.03% or $-0.19/share to $9.18. In the past year, the shares have traded as low as $9.32 and as high as $18.97. On average, 69876120 shares of F exchange hands on a given day and today's volume is recorded at 24514956. 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 $10.72 area but be careful because the stock may face selling pressure at this level.
Shares of Citigroup, Inc. (C) fell by 4.53% or $-1.05/share to $22.06. In the past year, the shares have traded as low as $23.05 and as high as $51.47. On average, 49269910 shares of C exchange hands on a given day and today's volume is recorded at 23230844. 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 $29.95 area but be careful because the stock may face selling pressure at this level.
Shares of Morgan Stanley (MS) fell by 2.65% or $-0.33/share to $12.14. In the past year, the shares have traded as low as $12.36 and as high as $30.91. On average, 28129020 shares of MS exchange hands on a given day and today's volume is recorded at 19713740. 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 $17.06 area but be careful because the stock may face selling pressure at this level.
