The following stocks were detected to be trading among the most active on October 12: Direxion Daily Financial Bull 3X Shares, Ford Motor Co, iShares FTSE China 25 Index Fund, JPMorgan Chase & Co, and ProShares UltraShort S&P500. 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 Direxion Daily Financial Bull 3X Shares (FAS) traded higher by 6.74% or $0.80/share to $12.63. In the past year, the shares have traded as low as $8.43 and as high as $34.30. On average, 57393550 shares of FAS exchange hands on a given day and today's volume is recorded at 15688910. 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 $13.27 area but be careful because the stock may face selling pressure at this level.
Shares of Ford Motor Co. (F) traded higher by 3.65% or $0.41/share to $11.65. In the past year, the shares have traded as low as $9.05 and as high as $18.97. On average, 71934120 shares of F exchange hands on a given day and today's volume is recorded at 14430330. 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 $13.89 represents resistance and the 50-day moving average of $10.51 would be an area of support.
Shares of iShares FTSE China 25 Index Fund (FXI) traded higher by 4.19% or $1.40/share to $34.8. In the past year, the shares have traded as low as $28.61 and as high as $47.02. On average, 22656270 shares of FXI exchange hands on a given day and today's volume is recorded at 12433674. 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 $35.58 area but be careful because the stock may face selling pressure at this level.
Shares of JPMorgan Chase & Co. (JPM) traded higher by 3.53% or $1.14/share to $33.44. In the past year, the shares have traded as low as $27.85 and as high as $47.39. On average, 47255550 shares of JPM exchange hands on a given day and today's volume is recorded at 11556909. 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 $33.66 area but be careful because the stock may face selling pressure at this level.
Shares of ProShares UltraShort S&P500 (SDS) fell by 2.83% or $-0.64/share to $21.94. In the past year, the shares have traded as low as $19.48 and as high as $28.75. On average, 50196110 shares of SDS exchange hands on a given day and today's volume is recorded at 11509435. 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 $22.13 area where the stock may encounter resistance.
