The following stocks were detected to be trading among the most active on October 19: iShares Russell 2000 Index, Apple Inc, Ford Motor Co, Nuance Communications, Inc, and JPMorgan Chase & 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 iShares Russell 2000 Index (IWM) traded higher by 0.08% or $0.06/share to $70.87. In the past year, the shares have traded as low as $60.09 and as high as $86.22. On average, 88770530 shares of IWM exchange hands on a given day and today's volume is recorded at 18791854. 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 $77.64 represents resistance and the 50-day moving average of $68.23 would be an area of support.
Shares of Apple Inc. (AAPL) fell by 3.85% or $-16.26/share to $405.98. In the past year, the shares have traded as low as $297.77 and as high as $426.72. On average, 23115730 shares of AAPL exchange hands on a given day and today's volume is recorded at 18663100. 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 $387.24 area where the stock will likely see buying pressure.
Shares of Ford Motor Co. (F) traded higher by 0.64% or $0.08/share to $11.85. In the past year, the shares have traded as low as $9.05 and as high as $18.96. On average, 72896430 shares of F exchange hands on a given day and today's volume is recorded at 18388824. 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 $13.75 represents resistance and the 50-day moving average of $10.55 would be an area of support.
Shares of Nuance Communications, Inc. (NUAN) traded higher by 2.36% or $0.55/share to $24.05. In the past year, the shares have traded as low as $14.79 and as high as $24.34. On average, 2992210 shares of NUAN exchange hands on a given day and today's volume is recorded at 18198038. 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 $19.77 area.
Shares of JPMorgan Chase & Co. (JPM) traded higher by 1.42% or $0.47/share to $33.34. In the past year, the shares have traded as low as $27.85 and as high as $47.40. On average, 48242190 shares of JPM exchange hands on a given day and today's volume is recorded at 17144320. 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 $40.51 represents resistance and the 50-day moving average of $33.12 would be an area of support.
