The following stocks were detected to be trading among the most active on December 28: Ford Motor Co, PowerShares QQQ, Financial Select Sector SPDR, Research In Motion Limited, and Citigroup, 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) fell by 2.45% or $-0.26/share to $10.55. In the past year, the shares have traded as low as $9.05 and as high as $18.98. On average, 60175950 shares of F exchange hands on a given day and today's volume is recorded at 11665381. 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 $10.95 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) fell by 0.78% or $-0.44/share to $55.8. In the past year, the shares have traded as low as $49.64 and as high as $59.49. On average, 65502330 shares of QQQ exchange hands on a given day and today's volume is recorded at 11533897. 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 $55.84 area where the stock may encounter resistance.
Shares of Financial Select Sector SPDR (XLF) fell by 1.07% or $-0.14/share to $12.94. In the past year, the shares have traded as low as $10.88 and as high as $16.92. On average, 108445570 shares of XLF exchange hands on a given day and today's volume is recorded at 10633023. 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 $14.00 represents resistance and the 50-day moving average of $12.80 would be an area of support.
Shares of Research In Motion Limited (RIMM) fell by 3.56% or $-0.53/share to $14.34. In the past year, the shares have traded as low as $12.45 and as high as $70.54. On average, 22916770 shares of RIMM exchange hands on a given day and today's volume is recorded at 10531653. 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 $17.96 area but be careful because the stock may face selling pressure at this level.
Shares of Citigroup, Inc. (C) fell by 2.17% or $-0.58/share to $26.32. In the past year, the shares have traded as low as $21.39 and as high as $51.47. On average, 58790170 shares of C exchange hands on a given day and today's volume is recorded at 10664816. 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 $28.24 area but be careful because the stock may face selling pressure at this level.
