The following stocks were detected to be trading among the most active on January 10: SIRIUS XM Radio Inc, General Electric Company, Microsoft Corporation, Financial Select Sector SPDR, and iShares MSCI Emerging Markets Index. 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 0.73% or $0.02/share to $2.07. In the past year, the shares have traded as low as $1.27 and as high as $2.45. On average, 53790480 shares of SIRI exchange hands on a given day and today's volume is recorded at 27579152. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $1.90 area.
Shares of General Electric Company (GE) fell by 0.98% or $-0.18/share to $18.67. In the past year, the shares have traded as low as $13.88 and as high as $20.92. On average, 63983820 shares of GE exchange hands on a given day and today's volume is recorded at 27413432. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $17.30 area.
Shares of Microsoft Corporation (MSFT) traded higher by 0.83% or $0.23/share to $27.97. In the past year, the shares have traded as low as $23.32 and as high as $28.70. On average, 52095490 shares of MSFT exchange hands on a given day and today's volume is recorded at 27227652. 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 $25.97 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) traded higher by 1.71% or $0.23/share to $13.7. In the past year, the shares have traded as low as $10.88 and as high as $16.92. On average, 98064420 shares of XLF exchange hands on a given day and today's volume is recorded at 23700302. 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 $13.89 represents resistance and the 50-day moving average of $12.87 would be an area of support.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 2.49% or $0.96/share to $39.58. In the past year, the shares have traded as low as $33.10 and as high as $49.45. On average, 63290780 shares of EEM exchange hands on a given day and today's volume is recorded at 22186796. 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 $42.56 represents resistance and the 50-day moving average of $38.76 would be an area of support.
