The following stocks were detected to be trading among the most active on December 9: SIRIUS XM Radio Inc, PowerShares QQQ, iShares Russell 2000 Index, iShares MSCI Emerging Markets Index, 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 SIRIUS XM Radio Inc. (SIRI) traded higher by 5.59% or $0.09/share to $1.79. In the past year, the shares have traded as low as $1.27 and as high as $2.43. On average, 68517810 shares of SIRI exchange hands on a given day and today's volume is recorded at 24803556. 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 $1.88 represents resistance and the 50-day moving average of $1.71 would be an area of support.
Shares of PowerShares QQQ (QQQ) traded higher by 1.34% or $0.75/share to $56.87. In the past year, the shares have traded as low as $49.84 and as high as $59.72. On average, 71174160 shares of QQQ exchange hands on a given day and today's volume is recorded at 24281192. 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 $56.28 area where the stock will likely see buying pressure.
Shares of iShares Russell 2000 Index (IWM) traded higher by 2.11% or $1.53/share to $73.89. In the past year, the shares have traded as low as $60.09 and as high as $86.22. On average, 76662380 shares of IWM exchange hands on a given day and today's volume is recorded at 24253736. 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 $76.44 represents resistance and the 50-day moving average of $71.09 would be an area of support.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 1.84% or $0.71/share to $39.3. In the past year, the shares have traded as low as $33.42 and as high as $49.92. On average, 74997020 shares of EEM exchange hands on a given day and today's volume is recorded at 19097160. 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 $43.71 represents resistance and the 50-day moving average of $38.97 would be an area of support.
Shares of Intel Corporation (INTC) traded higher by 1.38% or $0.34/share to $25.05. In the past year, the shares have traded as low as $18.85 and as high as $25.78. On average, 63723240 shares of INTC exchange hands on a given day and today's volume is recorded at 18713444. 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 $23.70 area where the stock will likely see buying pressure.
