The following stocks were detected to be trading among the most active on December 29: iShares Russell 2000 Index, iShares Gold Trust, Microsoft Corporation, Alcoa, Inc, and Intel 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 iShares Russell 2000 Index (IWM) traded higher by 0.87% or $0.64/share to $74.05. In the past year, the shares have traded as low as $59.80 and as high as $85.80. On average, 69775740 shares of IWM exchange hands on a given day and today's volume is recorded at 5176784. 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 $75.61 represents resistance and the 50-day moving average of $72.35 would be an area of support.
Shares of iShares Gold Trust (IAU) fell by 1.45% or $-0.22/share to $14.93. In the past year, the shares have traded as low as $12.80 and as high as $18.63. On average, 6256970 shares of IAU exchange hands on a given day and today's volume is recorded at 4446631. 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 $15.83 area where the stock may encounter resistance.
Shares of Microsoft Corporation (MSFT) traded higher by 0.35% or $0.09/share to $25.91. In the past year, the shares have traded as low as $23.33 and as high as $28.69. On average, 52999550 shares of MSFT exchange hands on a given day and today's volume is recorded at 4248701. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $25.93 represents resistance and the 200-day moving average of $25.43 would be an area of support.
Shares of Alcoa, Inc. (AA) traded higher by 1.16% or $0.10/share to $8.62. In the past year, the shares have traded as low as $8.42 and as high as $18.35. On average, 34890940 shares of AA exchange hands on a given day and today's volume is recorded at 3999762. 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 $9.81 area but be careful because the stock may face selling pressure at this level.
Shares of Intel Corporation (INTC) traded higher by 0.7% or $0.17/share to $24.4. In the past year, the shares have traded as low as $18.85 and as high as $25.78. On average, 59592970 shares of INTC exchange hands on a given day and today's volume is recorded at 4134200. 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 $24.14 area where the stock will likely see buying pressure.
