The following stocks were detected to be trading among the most active on December 12: iShares Russell 2000 Index, Ford Motor Co, Microsoft Corporation, Morgan Stanley, and Direxion Daily Small Cap Bear 3X Shares. 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) fell by 2.23% or $-1.66/share to $72.88. In the past year, the shares have traded as low as $60.09 and as high as $86.22. On average, 76236070 shares of IWM exchange hands on a given day and today's volume is recorded at 11560587. 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 $76.41 represents resistance and the 50-day moving average of $71.26 would be an area of support.
Shares of Ford Motor Co. (F) fell by 2.83% or $-0.31/share to $10.72. In the past year, the shares have traded as low as $9.05 and as high as $18.97. On average, 62736860 shares of F exchange hands on a given day and today's volume is recorded at 10523870. 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 $11.00 area but be careful because the stock may face selling pressure at this level.
Shares of Microsoft Corporation (MSFT) fell by 1.17% or $-0.30/share to $25.4. In the past year, the shares have traded as low as $23.32 and as high as $28.69. On average, 56147560 shares of MSFT exchange hands on a given day and today's volume is recorded at 9667029. 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 $25.41 area where the stock may encounter resistance.
Shares of Morgan Stanley (MS) fell by 5.8% or $-0.95/share to $15.43. In the past year, the shares have traded as low as $11.55 and as high as $30.82. On average, 37643690 shares of MS exchange hands on a given day and today's volume is recorded at 9432358. 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 $15.61 area but be careful because the stock may face selling pressure at this level.
Shares of Direxion Daily Small Cap Bear 3X Shares (TZA) traded higher by 6.52% or $1.75/share to $28.6. In the past year, the shares have traded as low as $26.22 and as high as $68.31. On average, 31553440 shares of TZA exchange hands on a given day and today's volume is recorded at 9301136. 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 $34.81 area but be careful because the stock may face selling pressure at this level.
