The following stocks were detected to be trading among the most active on November 10: General Electric Co, Ford Motor Co, ProShares UltraShort S&P500, Direxion Daily Small Cap Bear 3X Shares, and Apple 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 General Electric Co. (GE) traded higher by 1.64% or $0.26/share to $16.11. In the past year, the shares have traded as low as $14.02 and as high as $21.13. On average, 74296330 shares of GE exchange hands on a given day and today's volume is recorded at 16864456. 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 $18.13 represents resistance and the 50-day moving average of $15.94 would be an area of support.
Shares of Ford Motor Co. (F) fell by 0.72% or $-0.08/share to $10.96. In the past year, the shares have traded as low as $9.05 and as high as $18.97. On average, 67641120 shares of F exchange hands on a given day and today's volume is recorded at 15309713. 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 $13.24 represents resistance and the 50-day moving average of $10.88 would be an area of support.
Shares of ProShares UltraShort S&P500 (SDS) fell by 0.25% or $-0.05/share to $20.74. In the past year, the shares have traded as low as $19.03 and as high as $28.73. On average, 49204150 shares of SDS exchange hands on a given day and today's volume is recorded at 13793634. 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 $21.89 area where the stock may encounter resistance.
Shares of Direxion Daily Small Cap Bear 3X Shares (TZA) fell by 0.87% or $-0.28/share to $31.97. In the past year, the shares have traded as low as $27.20 and as high as $68.31. On average, 29808110 shares of TZA exchange hands on a given day and today's volume is recorded at 12983185. 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 $39.70 area where the stock may encounter resistance.
Shares of Apple Inc. (AAPL) fell by 2.74% or $-10.83/share to $384.45. In the past year, the shares have traded as low as $297.77 and as high as $426.69. On average, 20729940 shares of AAPL exchange hands on a given day and today's volume is recorded at 12480073. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $395.36 represents resistance and the 200-day moving average of $362.24 would be an area of support.
