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Thursday, November 10, 2011

Substantia​l Trading Activity: (SIRI), (QQQ), (GMCR), (C), (EEM)

The following stocks were detected to be trading among the most active on November 10: SIRIUS XM Radio Inc, PowerShares QQQ, Green Mountain Coffee Roasters Inc, Citigroup, Inc, and iShares MSCI Emerging Markets Index. 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 SIRIUS XM Radio Inc. (SIRI) remained unchanged at $1.64. In the past year, the shares have traded as low as $1.27 and as high as $2.44. On average, 78834860 shares of SIRI exchange hands on a given day and today's volume is recorded at 26324248. 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 $1.71 area but be careful because the stock may face selling pressure at this level.

Shares of PowerShares QQQ (QQQ) fell by 0.68% or $-0.39/share to $56.42. In the past year, the shares have traded as low as $49.83 and as high as $59.72. On average, 81302890 shares of QQQ exchange hands on a given day and today's volume is recorded at 23293468. 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 Green Mountain Coffee Roasters Inc. (GMCR) fell by 36.94% or $-24.76/share to $42.26. In the past year, the shares have traded as low as $29.55 and as high as $115.97. On average, 5666700 shares of GMCR exchange hands on a given day and today's volume is recorded at 22375330. 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 $76.75 area where the stock may encounter resistance.

Shares of Citigroup, Inc. (C) fell by 1.04% or $-0.30/share to $28.55. In the past year, the shares have traded as low as $21.39 and as high as $51.46. On average, 57278730 shares of C exchange hands on a given day and today's volume is recorded at 19551232. 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 $38.17 represents resistance and the 50-day moving average of $28.30 would be an area of support.

Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 0.48% or $0.19/share to $39.76. In the past year, the shares have traded as low as $33.42 and as high as $49.92. On average, 77953680 shares of EEM exchange hands on a given day and today's volume is recorded at 18072574. 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 $44.36 represents resistance and the 50-day moving average of $39.19 would be an area of support.