The following stocks were detected to be trading among the most active on December 2: iShares Russell 2000 Index, iShares MSCI Emerging Markets Index, PowerShares QQQ, Microsoft Corporation, and SIRIUS XM Radio 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 iShares Russell 2000 Index (IWM) traded higher by 1.28% or $0.94/share to $74.14. In the past year, the shares have traded as low as $60.09 and as high as $86.22. On average, 78107200 shares of IWM exchange hands on a given day and today's volume is recorded at 19091058. 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 $76.61 represents resistance and the 50-day moving average of $70.27 would be an area of support.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 0.68% or $0.27/share to $40.16. In the past year, the shares have traded as low as $33.42 and as high as $49.93. On average, 75148600 shares of EEM exchange hands on a given day and today's volume is recorded at 17810440. 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 $43.83 represents resistance and the 50-day moving average of $38.62 would be an area of support.
Shares of PowerShares QQQ (QQQ) traded higher by 0.35% or $0.20/share to $56.98. In the past year, the shares have traded as low as $49.83 and as high as $59.72. On average, 72450790 shares of QQQ exchange hands on a given day and today's volume is recorded at 15969919. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $56.14 area.
Shares of Microsoft Corporation (MSFT) fell by 0.04% or $-0.01/share to $25.27. In the past year, the shares have traded as low as $23.32 and as high as $28.69. On average, 56068120 shares of MSFT exchange hands on a given day and today's volume is recorded at 14177010. 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 $25.43 area where the stock may encounter resistance.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 1.06% or $0.02/share to $1.9. In the past year, the shares have traded as low as $1.27 and as high as $2.44. On average, 69549500 shares of SIRI exchange hands on a given day and today's volume is recorded at 14097652. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $1.88 area.
