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Monday, October 10, 2011

Highly Traded Stocks: (EEM), (SDS), (QQQ), (ALU), (CPX)

The following stocks were detected to be trading among the most active on October 10: iShares MSCI Emerging Markets Index, ProShares UltraShort S&P500, PowerShares QQQ, Alcatel-Lucent, and Complete Production Services, Inc. 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) traded higher by 3.81% or $1.39/share to $37.83. In the past year, the shares have traded as low as $33.42 and as high as $49.93. On average, 75318610 shares of EEM exchange hands on a given day and today's volume is recorded at 15877219. 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 $40.09 area but be careful because the stock may face selling pressure at this level.

Shares of ProShares UltraShort S&P500 (SDS) fell by 5.46% or $-1.32/share to $22.86. In the past year, the shares have traded as low as $19.48 and as high as $28.79. On average, 49909500 shares of SDS exchange hands on a given day and today's volume is recorded at 15049362. 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 $24.28 represents resistance and the 200-day moving average of $22.14 would be an area of support.

Shares of PowerShares QQQ (QQQ) traded higher by 3.09% or $1.67/share to $55.74. In the past year, the shares have traded as low as $48.72 and as high as $59.72. On average, 88592970 shares of QQQ exchange hands on a given day and today's volume is recorded at 14788235. 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 $56.03 represents resistance and the 50-day moving average of $53.89 would be an area of support.

Shares of Alcatel-Lucent (ALU) traded higher by 6.76% or $0.18/share to $2.77. In the past year, the shares have traded as low as $2.25 and as high as $6.64. On average, 29377600 shares of ALU exchange hands on a given day and today's volume is recorded at 13636980. 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 $3.28 area but be careful because the stock may face selling pressure at this level.

Shares of Complete Production Services, Inc. (CPX) traded higher by 34.25% or $6.98/share to $27.36. In the past year, the shares have traded as low as $16.46 and as high as $42.62. On average, 2605380 shares of CPX exchange hands on a given day and today's volume is recorded at 12226305. 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 $29.64 represents resistance and the 50-day moving average of $26.79 would be an area of support.