The following stocks were detected to be trading among the most active on October 26: iShares MSCI Emerging Markets Index, General Electric Co, Cheniere Energy, Inc, Nokia Corporation, and Citigroup, 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 1.04% or $0.41/share to $39.99. In the past year, the shares have traded as low as $33.42 and as high as $49.93. On average, 80950490 shares of EEM exchange hands on a given day and today's volume is recorded at 15294080. 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 $44.67 represents resistance and the 50-day moving average of $39.11 would be an area of support.
Shares of General Electric Co. (GE) traded higher by 1.26% or $0.20/share to $16.42. In the past year, the shares have traded as low as $14.02 and as high as $21.12. On average, 81225490 shares of GE exchange hands on a given day and today's volume is recorded at 15160446. 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 $18.24 represents resistance and the 50-day moving average of $15.71 would be an area of support.
Shares of Cheniere Energy, Inc. (LNG) traded higher by 58.99% or $3.61/share to $9.73. In the past year, the shares have traded as low as $2.94 and as high as $12.81. On average, 2926530 shares of LNG exchange hands on a given day and today's volume is recorded at 14816232. 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 $8.11 area.
Shares of Nokia Corporation (NOK) fell by 0.15% or $-0.01/share to $6.7. In the past year, the shares have traded as low as $4.82 and as high as $11.06. On average, 32565660 shares of NOK exchange hands on a given day and today's volume is recorded at 14423349. 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 $7.28 represents resistance and the 50-day moving average of $6.01 would be an area of support.
Shares of Citigroup, Inc. (C) traded higher by 0.23% or $0.07/share to $30.97. In the past year, the shares have traded as low as $21.40 and as high as $51.47. On average, 56767240 shares of C exchange hands on a given day and today's volume is recorded at 13718485. 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 $39.17 represents resistance and the 50-day moving average of $27.84 would be an area of support.
