The following stocks were detected to be trading among the most active on October 7: SIRIUS XM Radio Inc, Illumina Inc, Cisco Systems, Inc, Citigroup, Inc, and General Electric 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 SIRIUS XM Radio Inc. (SIRI) traded higher by 1.98% or $0.03/share to $1.54. In the past year, the shares have traded as low as $1.24 and as high as $2.44. On average, 90187840 shares of SIRI exchange hands on a given day and today's volume is recorded at 19250920. 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 $1.77 area but be careful because the stock may face selling pressure at this level.
Shares of Illumina Inc. (ILMN) fell by 30.65% or $-12.24/share to $27.69. In the past year, the shares have traded as low as $37.12 and as high as $79.39. On average, 2516710 shares of ILMN exchange hands on a given day and today's volume is recorded at 16677244. 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 $48.97 area but be careful because the stock may face selling pressure at this level.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 0.51% or $0.09/share to $16.83. In the past year, the shares have traded as low as $13.24 and as high as $24.32. On average, 72729750 shares of CSCO exchange hands on a given day and today's volume is recorded at 16731319. 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 $15.59 would be an area of support.
Shares of Citigroup, Inc. (C) fell by 1.69% or $-0.44/share to $25.58. In the past year, the shares have traded as low as $21.40 and as high as $51.47. On average, 50758760 shares of C exchange hands on a given day and today's volume is recorded at 16045198. 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 $29.09 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Co. (GE) traded higher by 0.45% or $0.07/share to $15.6. In the past year, the shares have traded as low as $14.02 and as high as $21.13. On average, 79202430 shares of GE exchange hands on a given day and today's volume is recorded at 13822673. 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 $15.76 area but be careful because the stock may face selling pressure at this level.
