The following stocks were detected to be trading among the most active on November 17: iShares Russell 2000 Index, PowerShares QQQ, Citigroup, Inc, Ford Motor Co, and NetApp, 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 iShares Russell 2000 Index (IWM) traded higher by 0.36% or $0.26/share to $73.3. In the past year, the shares have traded as low as $60.09 and as high as $86.23. On average, 80958220 shares of IWM exchange hands on a given day and today's volume is recorded at 22894384. 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 $77.12 represents resistance and the 50-day moving average of $70.00 would be an area of support.
Shares of PowerShares QQQ (QQQ) fell by 0.61% or $-0.35/share to $56.82. In the past year, the shares have traded as low as $49.84 and as high as $59.72. On average, 76438300 shares of QQQ exchange hands on a given day and today's volume is recorded at 20033424. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $56.29 area.
Shares of Citigroup, Inc. (C) fell by 0.56% or $-0.15/share to $26.71. In the past year, the shares have traded as low as $21.39 and as high as $51.46. On average, 56195960 shares of C exchange hands on a given day and today's volume is recorded at 17183622. 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 $28.20 area but be careful because the stock may face selling pressure at this level.
Shares of Ford Motor Co. (F) fell by 1.61% or $-0.17/share to $10.39. In the past year, the shares have traded as low as $9.05 and as high as $18.97. On average, 64464360 shares of F exchange hands on a given day and today's volume is recorded at 16542084. 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 $10.91 area but be careful because the stock may face selling pressure at this level.
Shares of NetApp, Inc. (NTAP) fell by 11.78% or $-4.80/share to $35.94. In the past year, the shares have traded as low as $33.00 and as high as $61.02. On average, 8383730 shares of NTAP exchange hands on a given day and today's volume is recorded at 14116825. 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 $38.37 area but be careful because the stock may face selling pressure at this level.
