The following stocks were detected to be trading among the most active on October 17: SIRIUS XM Radio Inc, Sprint Nextel Corp, Direxion Daily Financial Bull 3X Shares, iShares MSCI Emerging Markets Index, and Alcoa, 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 SIRIUS XM Radio Inc. (SIRI) traded higher by 1.11% or $0.02/share to $1.82. In the past year, the shares have traded as low as $1.24 and as high as $2.44. On average, 87989980 shares of SIRI exchange hands on a given day and today's volume is recorded at 21931552. 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 Sprint Nextel Corp. (S) traded higher by 0.72% or $0.02/share to $2.81. In the past year, the shares have traded as low as $2.10 and as high as $6.45. On average, 78478520 shares of S exchange hands on a given day and today's volume is recorded at 21398306. 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 $3.23 area but be careful because the stock may face selling pressure at this level.
Shares of Direxion Daily Financial Bull 3X Shares (FAS) fell by 5.71% or $-0.71/share to $11.72. In the past year, the shares have traded as low as $8.43 and as high as $34.29. On average, 59492730 shares of FAS exchange hands on a given day and today's volume is recorded at 20535580. 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 $12.80 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 2.2% or $-0.87/share to $38.72. In the past year, the shares have traded as low as $33.42 and as high as $49.92. On average, 76940860 shares of EEM exchange hands on a given day and today's volume is recorded at 20225990. 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 $39.40 area but be careful because the stock may face selling pressure at this level.
Shares of Alcoa, Inc. (AA) fell by 3.51% or $-0.36/share to $9.9. In the past year, the shares have traded as low as $8.45 and as high as $18.40. On average, 31401160 shares of AA exchange hands on a given day and today's volume is recorded at 16580813. 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 $11.23 area but be careful because the stock may face selling pressure at this level.
