The following stocks were detected to be trading among the most active on November 11: E*TRADE Financial Corporation, Microsoft Corporation, Citigroup, Inc, ProShares UltraShort S&P500, and iShares MSCI Emerging Markets Index. 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 E*TRADE Financial Corporation (ETFC) fell by 4.22% or $-0.40/share to $9.08. In the past year, the shares have traded as low as $7.74 and as high as $18.13. On average, 6792630 shares of ETFC exchange hands on a given day and today's volume is recorded at 8693886. 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 $10.19 area but be careful because the stock may face selling pressure at this level.
Shares of Microsoft Corporation (MSFT) traded higher by 1.98% or $0.52/share to $26.8. In the past year, the shares have traded as low as $23.50 and as high as $28.91. On average, 59022730 shares of MSFT exchange hands on a given day and today's volume is recorded at 8658476. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $26.35 area where the stock will likely see buying pressure.
Shares of Citigroup, Inc. (C) traded higher by 2.55% or $0.73/share to $29.36. In the past year, the shares have traded as low as $21.39 and as high as $51.46. On average, 56590260 shares of C exchange hands on a given day and today's volume is recorded at 8625026. 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 $38.08 represents resistance and the 50-day moving average of $28.26 would be an area of support.
Shares of ProShares UltraShort S&P500 (SDS) fell by 3.08% or $-0.63/share to $19.8. In the past year, the shares have traded as low as $19.03 and as high as $28.73. On average, 48249790 shares of SDS exchange hands on a given day and today's volume is recorded at 8577084. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $21.89 area where the stock may encounter resistance.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 1.96% or $0.78/share to $40.61. In the past year, the shares have traded as low as $33.42 and as high as $49.93. On average, 76816430 shares of EEM exchange hands on a given day and today's volume is recorded at 8346199. 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 $44.32 represents resistance and the 50-day moving average of $39.13 would be an area of support.
