The following stocks were detected to be trading among the most active on October 18: ProShares UltraShort S&P500, Intel Corporation, Ford Motor Co, Wells Fargo & Company, and El Paso Corp. 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 ProShares UltraShort S&P500 (SDS) fell by 0.85% or $-0.19/share to $22.11. In the past year, the shares have traded as low as $19.48 and as high as $28.73. On average, 51133430 shares of SDS exchange hands on a given day and today's volume is recorded at 22167818. 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 $24.21 represents resistance and the 200-day moving average of $22.09 would be an area of support.
Shares of Intel Corporation (INTC) fell by 0.17% or $-0.04/share to $23.24. In the past year, the shares have traded as low as $18.27 and as high as $23.73. On average, 62503390 shares of INTC exchange hands on a given day and today's volume is recorded at 19481016. 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 $21.25 area.
Shares of Ford Motor Co. (F) traded higher by 2.02% or $0.23/share to $11.63. In the past year, the shares have traded as low as $9.05 and as high as $18.97. On average, 72885040 shares of F exchange hands on a given day and today's volume is recorded at 19280490. 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 $13.79 represents resistance and the 50-day moving average of $10.52 would be an area of support.
Shares of Wells Fargo & Company (WFC) traded higher by 3.07% or $0.75/share to $25.17. In the past year, the shares have traded as low as $22.58 and as high as $33.96. On average, 45807490 shares of WFC exchange hands on a given day and today's volume is recorded at 17581156. 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 $28.44 represents resistance and the 50-day moving average of $24.57 would be an area of support.
Shares of El Paso Corp. (EP) traded higher by 0.35% or $0.09/share to $24.53. In the past year, the shares have traded as low as $12.48 and as high as $24.60. On average, 11513990 shares of EP exchange hands on a given day and today's volume is recorded at 16451363. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $18.51 area where the stock will likely see buying pressure.
