The following stocks were detected to be trading among the most active on December 12: iShares MSCI Emerging Markets Index, General Electric Company, Citigroup, Inc, Cisco Systems, Inc, and PowerShares QQQ. 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 MSCI Emerging Markets Index (EEM) fell by 3.66% or $-1.44/share to $37.93. In the past year, the shares have traded as low as $33.42 and as high as $49.93. On average, 74607300 shares of EEM exchange hands on a given day and today's volume is recorded at 16903196. 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 $39.01 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Company (GE) fell by 1.73% or $-0.29/share to $16.55. In the past year, the shares have traded as low as $14.02 and as high as $21.13. On average, 69144450 shares of GE exchange hands on a given day and today's volume is recorded at 16737559. 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 $17.65 represents resistance and the 50-day moving average of $16.03 would be an area of support.
Shares of Citigroup, Inc. (C) fell by 5.39% or $-1.55/share to $27.22. In the past year, the shares have traded as low as $21.39 and as high as $51.47. On average, 58445530 shares of C exchange hands on a given day and today's volume is recorded at 14679798. 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 $28.18 area but be careful because the stock may face selling pressure at this level.
Shares of Cisco Systems, Inc. (CSCO) fell by 2.38% or $-0.45/share to $18.43. In the past year, the shares have traded as low as $13.24 and as high as $22.09. On average, 56341130 shares of CSCO exchange hands on a given day and today's volume is recorded at 12198860. 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 $17.80 area where the stock will likely see buying pressure.
Shares of PowerShares QQQ (QQQ) fell by 1.67% or $-0.95/share to $56.07. In the past year, the shares have traded as low as $49.84 and as high as $59.72. On average, 71050030 shares of QQQ exchange hands on a given day and today's volume is recorded at 12157941. 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 $56.13 area where the stock may encounter resistance.
