The following stocks were detected to be trading among the most active on November 22: Financial Select Sector SPDR, PowerShares QQQ, Intel Corporation, iShares Russell 2000 Index, and Brocade Communications 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 Financial Select Sector SPDR (XLF) fell by 0.49% or $-0.06/share to $12.13. In the past year, the shares have traded as low as $10.95 and as high as $17.03. On average, 120092990 shares of XLF exchange hands on a given day and today's volume is recorded at 15099290. 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 $12.65 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) fell by 0.35% or $-0.19/share to $54.15. In the past year, the shares have traded as low as $49.83 and as high as $59.72. On average, 74946480 shares of QQQ exchange hands on a given day and today's volume is recorded at 15041823. 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 $56.20 area but be careful because the stock may face selling pressure at this level.
Shares of Intel Corporation (INTC) fell by 1.46% or $-0.34/share to $23.23. In the past year, the shares have traded as low as $18.86 and as high as $25.51. On average, 63189610 shares of INTC exchange hands on a given day and today's volume is recorded at 14802683. 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 $23.08 area where the stock will likely see buying pressure.
Shares of iShares Russell 2000 Index (IWM) fell by 0.73% or $-0.51/share to $69.75. In the past year, the shares have traded as low as $60.09 and as high as $86.22. On average, 79620450 shares of IWM exchange hands on a given day and today's volume is recorded at 14574086. 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 $70.19 area but be careful because the stock may face selling pressure at this level.
Shares of Brocade Communications Systems, Inc. (BRCD) traded higher by 10.49% or $0.47/share to $4.95. In the past year, the shares have traded as low as $3.18 and as high as $7.30. On average, 9357590 shares of BRCD exchange hands on a given day and today's volume is recorded at 14385621. 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 $5.42 represents resistance and the 50-day moving average of $4.42 would be an area of support.
