The following stocks were detected to be trading among the most active on October 11: Direxion Daily Financial Bull 3X Shares, iShares MSCI Japan Index, Alcatel-Lucent, ProShares UltraShort S&P500, 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 Direxion Daily Financial Bull 3X Shares (FAS) fell by 1.68% or $-0.20/share to $11.69. In the past year, the shares have traded as low as $8.43 and as high as $34.29. On average, 56680690 shares of FAS exchange hands on a given day and today's volume is recorded at 14321410. 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 $13.48 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Japan Index (EWJ) fell by 0.52% or $-0.05/share to $9.57. In the past year, the shares have traded as low as $9.16 and as high as $11.53. On average, 26900460 shares of EWJ exchange hands on a given day and today's volume is recorded at 13175396. 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 $9.64 area but be careful because the stock may face selling pressure at this level.
Shares of Alcatel-Lucent (ALU) fell by 1.83% or $-0.05/share to $2.68. In the past year, the shares have traded as low as $2.25 and as high as $6.63. On average, 29806440 shares of ALU exchange hands on a given day and today's volume is recorded at 10738134. 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 $3.25 area but be careful because the stock may face selling pressure at this level.
Shares of ProShares UltraShort S&P500 (SDS) fell by 0.18% or $-0.04/share to $22.57. In the past year, the shares have traded as low as $19.48 and as high as $28.75. On average, 50036230 shares of SDS exchange hands on a given day and today's volume is recorded at 10385406. 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 $24.30 represents resistance and the 200-day moving average of $22.13 would be an area of support.
Shares of Citigroup, Inc. (C) traded higher by 0.64% or $0.17/share to $26.66. In the past year, the shares have traded as low as $21.40 and as high as $51.47. On average, 51780900 shares of C exchange hands on a given day and today's volume is recorded at 10133735. 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 $28.59 area but be careful because the stock may face selling pressure at this level.
