The following stocks were detected to be trading among the most active on November 3: Citigroup, Inc, Morgan Stanley, iShares MSCI Emerging Markets Index, Jefferies Group, Inc, and ProShares UltraShort S&P500. 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 Citigroup, Inc. (C) fell by 0.3% or $-0.09/share to $29.74. In the past year, the shares have traded as low as $21.40 and as high as $51.47. On average, 60502040 shares of C exchange hands on a given day and today's volume is recorded at 16687509. 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 $38.64 represents resistance and the 50-day moving average of $28.28 would be an area of support.
Shares of Morgan Stanley (MS) fell by 1.91% or $-0.32/share to $16.44. In the past year, the shares have traded as low as $11.55 and as high as $30.82. On average, 34594860 shares of MS exchange hands on a given day and today's volume is recorded at 16079497. 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 $22.56 represents resistance and the 50-day moving average of $15.73 would be an area of support.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 0.02% or $-0.01/share to $41.03. In the past year, the shares have traded as low as $33.42 and as high as $49.93. On average, 84101800 shares of EEM exchange hands on a given day and today's volume is recorded at 15959878. 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 $44.48 represents resistance and the 50-day moving average of $39.17 would be an area of support.
Shares of Jefferies Group, Inc. (JEF) fell by 7.58% or $-0.93/share to $11.34. In the past year, the shares have traded as low as $10.94 and as high as $26.71. On average, 2676250 shares of JEF exchange hands on a given day and today's volume is recorded at 15324910. 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 $13.60 area but be careful because the stock may face selling pressure at this level.
Shares of ProShares UltraShort S&P500 (SDS) fell by 0.59% or $-0.12/share to $20.55. In the past year, the shares have traded as low as $19.03 and as high as $28.73. On average, 54028390 shares of SDS exchange hands on a given day and today's volume is recorded at 15167518. 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 $21.96 area where the stock may encounter resistance.
