The following stocks were detected to be trading among the most active on December 2: Ford Motor Co, Citigroup, Inc, Morgan Stanley, General Electric Company, and Cisco Systems, 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 Ford Motor Co. (F) traded higher by 3.68% or $0.39/share to $10.98. In the past year, the shares have traded as low as $9.05 and as high as $18.97. On average, 62759560 shares of F exchange hands on a given day and today's volume is recorded at 30301904. 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 $12.80 represents resistance and the 50-day moving average of $10.87 would be an area of support.
Shares of Citigroup, Inc. (C) traded higher by 6.08% or $1.64/share to $28.63. In the past year, the shares have traded as low as $21.39 and as high as $51.46. On average, 56540960 shares of C exchange hands on a given day and today's volume is recorded at 27964104. 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 $36.51 represents resistance and the 50-day moving average of $27.80 would be an area of support.
Shares of Morgan Stanley (MS) traded higher by 7.24% or $1.05/share to $15.56. In the past year, the shares have traded as low as $11.55 and as high as $30.82. On average, 35374740 shares of MS exchange hands on a given day and today's volume is recorded at 22972956. 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 $21.10 represents resistance and the 50-day moving average of $15.35 would be an area of support.
Shares of General Electric Company (GE) traded higher by 1.57% or $0.25/share to $16.16. In the past year, the shares have traded as low as $14.02 and as high as $21.13. On average, 70846240 shares of GE exchange hands on a given day and today's volume is recorded at 21344872. 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 $17.76 represents resistance and the 50-day moving average of $15.91 would be an area of support.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 0.93% or $0.17/share to $18.75. In the past year, the shares have traded as low as $13.24 and as high as $22.08. On average, 58728840 shares of CSCO exchange hands on a given day and today's volume is recorded at 19253048. 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 $17.43 area where the stock will likely see buying pressure.
