The following stocks were detected to be trading among the most active on November 14: PowerShares QQQ, iShares Russell 2000 Index, Citigroup, Inc, SIRIUS XM Radio Inc, and Intel Corporation. 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 PowerShares QQQ (QQQ) fell by 0.17% or $-0.10/share to $57.75. In the past year, the shares have traded as low as $49.84 and as high as $59.72. On average, 77796560 shares of QQQ exchange hands on a given day and today's volume is recorded at 17016244. 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 $56.27 area.
Shares of iShares Russell 2000 Index (IWM) fell by 0.91% or $-0.68/share to $73.71. In the past year, the shares have traded as low as $60.09 and as high as $86.23. On average, 81570250 shares of IWM exchange hands on a given day and today's volume is recorded at 16099444. 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 $77.20 represents resistance and the 50-day moving average of $69.73 would be an area of support.
Shares of Citigroup, Inc. (C) fell by 2.69% or $-0.79/share to $28.54. In the past year, the shares have traded as low as $21.39 and as high as $51.46. On average, 56235300 shares of C exchange hands on a given day and today's volume is recorded at 15963927. 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 $37.99 represents resistance and the 50-day moving average of $28.24 would be an area of support.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 0.88% or $0.02/share to $1.72. In the past year, the shares have traded as low as $1.27 and as high as $2.45. On average, 77489240 shares of SIRI exchange hands on a given day and today's volume is recorded at 14669213. 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 $1.89 represents resistance and the 50-day moving average of $1.71 would be an area of support.
Shares of Intel Corporation (INTC) fell by 0.6% or $-0.15/share to $24.7. In the past year, the shares have traded as low as $18.85 and as high as $24.98. On average, 63195990 shares of INTC exchange hands on a given day and today's volume is recorded at 13837329. 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 $22.50 area where the stock will likely see buying pressure.
