The following stocks were detected to be trading among the most active on December 29: Ford Motor Co, SPDR Gold Shares, iShares Silver Trust, PowerShares QQQ, 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 Ford Motor Co. (F) traded higher by 1.57% or $0.17/share to $10.69. In the past year, the shares have traded as low as $9.05 and as high as $18.98. On average, 60016420 shares of F exchange hands on a given day and today's volume is recorded at 5853911. 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 $10.93 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR Gold Shares (GLD) fell by 1.44% or $-2.17/share to $148.86. In the past year, the shares have traded as low as $127.80 and as high as $185.84. On average, 13519520 shares of GLD exchange hands on a given day and today's volume is recorded at 5638905. 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 $157.87 area where the stock may encounter resistance.
Shares of iShares Silver Trust (SLV) fell by 0.95% or $-0.25/share to $26.02. In the past year, the shares have traded as low as $26.03 and as high as $48.35. On average, 20918140 shares of SLV exchange hands on a given day and today's volume is recorded at 5551938. 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 $31.23 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) fell by 0.02% or $-0.01/share to $55.58. In the past year, the shares have traded as low as $49.65 and as high as $59.49. On average, 64890630 shares of QQQ exchange hands on a given day and today's volume is recorded at 5522603. 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 $55.85 area where the stock may encounter resistance.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 0.69% or $0.26/share to $37.74. In the past year, the shares have traded as low as $33.11 and as high as $49.45. On average, 68994530 shares of EEM exchange hands on a given day and today's volume is recorded at 5508511. 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 $38.82 area but be careful because the stock may face selling pressure at this level.
