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Monday, October 10, 2011

Trading Actively Today: (FAS), (IWM), (GE), (F), (CSCO)

The following stocks were detected to be trading among the most active on October 10: Direxion Daily Financial Bull 3X Shares, iShares Russell 2000 Index, General Electric Co, Ford Motor Co, and Cisco Systems, 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) traded higher by 10.66% or $1.11/share to $11.52. In the past year, the shares have traded as low as $8.43 and as high as $34.29. On average, 55917880 shares of FAS exchange hands on a given day and today's volume is recorded at 21439172. 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 $13.70 area but be careful because the stock may face selling pressure at this level.

Shares of iShares Russell 2000 Index (IWM) traded higher by 3.53% or $2.31/share to $67.81. In the past year, the shares have traded as low as $60.09 and as high as $86.22. On average, 88494010 shares of IWM exchange hands on a given day and today's volume is recorded at 19892794. 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 $68.87 area but be careful because the stock may face selling pressure at this level.

Shares of General Electric Co. (GE) traded higher by 2.97% or $0.46/share to $15.96. In the past year, the shares have traded as low as $14.02 and as high as $21.13. On average, 79519340 shares of GE exchange hands on a given day and today's volume is recorded at 17268772. 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 $18.34 represents resistance and the 50-day moving average of $15.71 would be an area of support.

Shares of Ford Motor Co. (F) traded higher by 4.26% or $0.46/share to $11.15. In the past year, the shares have traded as low as $9.05 and as high as $18.98. On average, 72104910 shares of F exchange hands on a given day and today's volume is recorded at 17251804. 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 $13.95 represents resistance and the 50-day moving average of $10.56 would be an area of support.

Shares of Cisco Systems, Inc. (CSCO) traded higher by 2.34% or $0.39/share to $17.05. In the past year, the shares have traded as low as $13.24 and as high as $24.33. On average, 72548510 shares of CSCO exchange hands on a given day and today's volume is recorded at 17204264. 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 $17.11 represents resistance and the 50-day moving average of $15.61 would be an area of support.