The following stocks were detected to be trading among the most active on November 16: iShares Russell 2000 Index, Dell Inc, Cisco Systems, Inc, Citigroup, Inc, and Microsoft 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 iShares Russell 2000 Index (IWM) traded higher by 0.01% or $0.01/share to $74.25. In the past year, the shares have traded as low as $60.09 and as high as $86.22. On average, 81305740 shares of IWM exchange hands on a given day and today's volume is recorded at 18989716. 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 $77.15 represents resistance and the 50-day moving average of $69.95 would be an area of support.
Shares of Dell Inc. (DELL) fell by 1.7% or $-0.27/share to $15.36. In the past year, the shares have traded as low as $12.99 and as high as $17.59. On average, 26106890 shares of DELL exchange hands on a given day and today's volume is recorded at 17644736. 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 $15.38 represents resistance and the 50-day moving average of $15.25 would be an area of support.
Shares of Cisco Systems, Inc. (CSCO) fell by 0.08% or $-0.02/share to $19.1. In the past year, the shares have traded as low as $13.24 and as high as $22.08. On average, 61289480 shares of CSCO exchange hands on a given day and today's volume is recorded at 16644786. 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 $17.01 area where the stock will likely see buying pressure.
Shares of Citigroup, Inc. (C) fell by 1.75% or $-0.49/share to $27.53. In the past year, the shares have traded as low as $21.39 and as high as $51.46. On average, 56156660 shares of C exchange hands on a given day and today's volume is recorded at 16560667. 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 $28.25 area but be careful because the stock may face selling pressure at this level.
Shares of Microsoft Corporation (MSFT) fell by 1.14% or $-0.30/share to $26.43. In the past year, the shares have traded as low as $23.32 and as high as $28.69. On average, 57548930 shares of MSFT exchange hands on a given day and today's volume is recorded at 15909492. 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 $26.21 area where the stock will likely see buying pressure.
