The following stocks were detected to be trading among the most active on October 14: iShares MSCI Emerging Markets Index, PowerShares QQQ, Direxion Daily Financial Bull 3X Shares, iShares Russell 2000 Index, 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 MSCI Emerging Markets Index (EEM) traded higher by 1.26% or $0.49/share to $39.3. In the past year, the shares have traded as low as $33.42 and as high as $49.92. On average, 76637990 shares of EEM exchange hands on a given day and today's volume is recorded at 24269606. 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 $39.47 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) traded higher by 1.23% or $0.70/share to $57.82. In the past year, the shares have traded as low as $49.79 and as high as $59.72. On average, 88216680 shares of QQQ exchange hands on a given day and today's volume is recorded at 22923856. 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 $56.07 area.
Shares of Direxion Daily Financial Bull 3X Shares (FAS) traded higher by 0.83% or $0.10/share to $12.08. In the past year, the shares have traded as low as $8.43 and as high as $34.29. On average, 59055730 shares of FAS exchange hands on a given day and today's volume is recorded at 21245488. 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 $12.92 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Russell 2000 Index (IWM) traded higher by 0.67% or $0.47/share to $70.23. In the past year, the shares have traded as low as $60.09 and as high as $86.22. On average, 88737490 shares of IWM exchange hands on a given day and today's volume is recorded at 19181998. 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 $77.76 represents resistance and the 50-day moving average of $68.17 would be an area of support.
Shares of JPMorgan Chase & Co. (JPM) fell by 0.16% or $-0.05/share to $31.55. In the past year, the shares have traded as low as $27.85 and as high as $47.39. On average, 48278070 shares of JPM exchange hands on a given day and today's volume is recorded at 17515906. 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 $33.38 area but be careful because the stock may face selling pressure at this level.
