The following stocks were detected to be trading among the most active on November 14: Lowe's Companies Inc, Pfizer Inc, General Electric Co, Direxion Daily Small Cap Bear 3X Shares, and Alcoa, 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 Lowe's Companies Inc. (LOW) traded higher by 2.55% or $0.59/share to $23.7. In the past year, the shares have traded as low as $17.95 and as high as $26.99. On average, 16529960 shares of LOW exchange hands on a given day and today's volume is recorded at 13424175. 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 $22.97 area.
Shares of Pfizer Inc. (PFE) fell by 1.03% or $-0.21/share to $19.78. In the past year, the shares have traded as low as $15.59 and as high as $21.00. On average, 48315750 shares of PFE exchange hands on a given day and today's volume is recorded at 11688222. 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 $19.11 area.
Shares of General Electric Co. (GE) fell by 0.43% or $-0.07/share to $16.23. In the past year, the shares have traded as low as $14.02 and as high as $21.13. On average, 71891390 shares of GE exchange hands on a given day and today's volume is recorded at 11598511. 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 $18.09 represents resistance and the 50-day moving average of $15.94 would be an area of support.
Shares of Direxion Daily Small Cap Bear 3X Shares (TZA) traded higher by 2.41% or $0.70/share to $29.79. In the past year, the shares have traded as low as $27.20 and as high as $68.31. On average, 30094720 shares of TZA exchange hands on a given day and today's volume is recorded at 9454030. 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 $39.55 area where the stock may encounter resistance.
Shares of Alcoa, Inc. (AA) fell by 1.98% or $-0.21/share to $10.39. In the past year, the shares have traded as low as $8.42 and as high as $18.35. On average, 33606080 shares of AA exchange hands on a given day and today's volume is recorded at 9544771. 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 $10.59 area but be careful because the stock may face selling pressure at this level.
