The following stocks were detected to be trading among the most active on November 11: PowerShares QQQ, NVIDIA Corporation, SIRIUS XM Radio Inc, Alcatel-Lucent, S.A, and Walt Disney Co. 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) traded higher by 1.22% or $0.69/share to $57.47. In the past year, the shares have traded as low as $49.84 and as high as $59.72. On average, 79169510 shares of QQQ exchange hands on a given day and today's volume is recorded at 13360204. 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 $56.25 area.
Shares of NVIDIA Corporation (NVDA) fell by 1.62% or $-0.23/share to $14.23. In the past year, the shares have traded as low as $11.47 and as high as $26.16. On average, 20905270 shares of NVDA exchange hands on a given day and today's volume is recorded at 13347341. 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 $14.32 area but be careful because the stock may face selling pressure at this level.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 1.18% or $0.02/share to $1.71. In the past year, the shares have traded as low as $1.27 and as high as $2.44. On average, 78339410 shares of SIRI exchange hands on a given day and today's volume is recorded at 10646197. 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 $1.88 represents resistance and the 50-day moving average of $1.70 would be an area of support.
Shares of Alcatel-Lucent, S.A. (ALU) fell by 4.46% or $-0.09/share to $1.93. In the past year, the shares have traded as low as $1.96 and as high as $6.63. On average, 25963990 shares of ALU exchange hands on a given day and today's volume is recorded at 9066138. 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 $2.84 area but be careful because the stock may face selling pressure at this level.
Shares of Walt Disney Co. (DIS) traded higher by 7.12% or $2.47/share to $37.11. In the past year, the shares have traded as low as $28.19 and as high as $44.34. On average, 13270750 shares of DIS exchange hands on a given day and today's volume is recorded at 8983683. 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 $38.23 represents resistance and the 50-day moving average of $32.85 would be an area of support.
