The following stocks were detected to be trading among the most active on December 16: Intel Corporation, Pfizer Inc, AT&T, Inc, Oracle Corporation, and JPMorgan Chase & Co. 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 Intel Corporation (INTC) traded higher by 1.93% or $0.45/share to $23.76. In the past year, the shares have traded as low as $18.85 and as high as $25.78. On average, 64130470 shares of INTC exchange hands on a given day and today's volume is recorded at 21211224. 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 $23.96 represents resistance and the 200-day moving average of $21.79 would be an area of support.
Shares of Pfizer Inc. (PFE) traded higher by 0.9% or $0.19/share to $21.33. In the past year, the shares have traded as low as $16.30 and as high as $21.25. On average, 47709030 shares of PFE exchange hands on a given day and today's volume is recorded at 17218510. 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 $19.42 area where the stock will likely see buying pressure.
Shares of AT&T, Inc. (T) fell by 0.52% or $-0.15/share to $28.64. In the past year, the shares have traded as low as $26.05 and as high as $31.03. On average, 28698280 shares of T exchange hands on a given day and today's volume is recorded at 14745066. 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 $28.89 area but be careful because the stock may face selling pressure at this level.
Shares of Oracle Corporation (ORCL) traded higher by 3.44% or $1.00/share to $30.03. In the past year, the shares have traded as low as $24.67 and as high as $36.36. On average, 31485680 shares of ORCL exchange hands on a given day and today's volume is recorded at 14140707. 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 $31.32 area where the stock may encounter resistance.
Shares of JPMorgan Chase & Co. (JPM) traded higher by 2.42% or $0.77/share to $32.53. In the past year, the shares have traded as low as $27.85 and as high as $47.39. On average, 46444530 shares of JPM exchange hands on a given day and today's volume is recorded at 12613853. 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 $38.04 represents resistance and the 50-day moving average of $32.37 would be an area of support.
