The following stocks were detected to be trading among the most active on October 25: ProShares UltraShort S&P500, Citigroup, Inc, SIRIUS XM Radio Inc, Intel Corporation, and Sprint Nextel 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) traded higher by 1.91% or $0.39/share to $20.76. In the past year, the shares have traded as low as $19.48 and as high as $28.73. On average, 52803070 shares of SDS exchange hands on a given day and today's volume is recorded at 17151460. 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 $22.04 area where the stock may encounter resistance.
Shares of Citigroup, Inc. (C) fell by 1.36% or $-0.43/share to $31.17. In the past year, the shares have traded as low as $21.40 and as high as $51.47. On average, 56093770 shares of C exchange hands on a given day and today's volume is recorded at 16365100. 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 $39.26 represents resistance and the 50-day moving average of $27.85 would be an area of support.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 1.09% or $-0.02/share to $1.82. In the past year, the shares have traded as low as $1.27 and as high as $2.44. On average, 86437700 shares of SIRI exchange hands on a given day and today's volume is recorded at 16025971. 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 $1.87 represents resistance and the 50-day moving average of $1.72 would be an area of support.
Shares of Intel Corporation (INTC) traded higher by 0.55% or $0.14/share to $24.73. In the past year, the shares have traded as low as $19.03 and as high as $24.79. On average, 66995970 shares of INTC exchange hands on a given day and today's volume is recorded at 15323197. 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 $21.45 area where the stock will likely see buying pressure.
Shares of Sprint Nextel Corp. (S) fell by 2.42% or $-0.07/share to $2.63. In the past year, the shares have traded as low as $2.10 and as high as $6.46. On average, 79805570 shares of S exchange hands on a given day and today's volume is recorded at 13270419. 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 $3.17 area but be careful because the stock may face selling pressure at this level.
