The following stocks were detected to be trading among the most active on December 7: Microsoft Corporation, PowerShares QQQ, General Electric Company, iShares Russell 2000 Index, and Dollar General Corporation. 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 Microsoft Corporation (MSFT) fell by 1.07% or $-0.27/share to $25.39. In the past year, the shares have traded as low as $23.33 and as high as $28.70. On average, 56074110 shares of MSFT exchange hands on a given day and today's volume is recorded at 13094851. 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 $25.42 area where the stock may encounter resistance.
Shares of PowerShares QQQ (QQQ) fell by 1.26% or $-0.72/share to $56.36. In the past year, the shares have traded as low as $49.84 and as high as $59.72. On average, 71395220 shares of QQQ exchange hands on a given day and today's volume is recorded at 12545695. 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 $56.21 area where the stock will likely see buying pressure.
Shares of General Electric Company (GE) fell by 1.08% or $-0.18/share to $16.54. In the past year, the shares have traded as low as $14.02 and as high as $21.13. On average, 70578610 shares of GE exchange hands on a given day and today's volume is recorded at 12632537. 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 $17.70 represents resistance and the 50-day moving average of $15.97 would be an area of support.
Shares of iShares Russell 2000 Index (IWM) fell by 2.1% or $-1.57/share to $73.26. In the past year, the shares have traded as low as $60.09 and as high as $86.22. On average, 76875590 shares of IWM exchange hands on a given day and today's volume is recorded at 12279248. 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 $76.50 represents resistance and the 50-day moving average of $70.81 would be an area of support.
Shares of Dollar General Corporation (DG) fell by 1.19% or $-0.47/share to $39.16. In the past year, the shares have traded as low as $26.65 and as high as $41.25. On average, 2143860 shares of DG exchange hands on a given day and today's volume is recorded at 11168235. 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 $39.13 area where the stock will likely see buying pressure.
