The following stocks were detected to be trading among the most active on January 10: Citigroup, Inc, Cisco Systems, Inc, Intel Corporation, Oracle Corporation, and Juniper Networks, Inc. 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 Citigroup, Inc. (C) traded higher by 2.82% or $0.82/share to $29.9. In the past year, the shares have traded as low as $21.39 and as high as $51.46. On average, 56638520 shares of C exchange hands on a given day and today's volume is recorded at 21917448. 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 $34.22 represents resistance and the 50-day moving average of $27.85 would be an area of support.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 0.26% or $0.05/share to $19.02. In the past year, the shares have traded as low as $13.21 and as high as $22.02. On average, 48351700 shares of CSCO exchange hands on a given day and today's volume is recorded at 17521238. 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 $18.30 area where the stock will likely see buying pressure.
Shares of Intel Corporation (INTC) traded higher by 1.06% or $0.27/share to $25.74. In the past year, the shares have traded as low as $18.85 and as high as $25.78. On average, 55754960 shares of INTC exchange hands on a given day and today's volume is recorded at 16968896. 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 $24.28 area where the stock will likely see buying pressure.
Shares of Oracle Corporation (ORCL) traded higher by 1.33% or $0.36/share to $27.39. In the past year, the shares have traded as low as $24.61 and as high as $36.28. On average, 31235800 shares of ORCL exchange hands on a given day and today's volume is recorded at 14641922. 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 $29.93 area but be careful because the stock may face selling pressure at this level.
Shares of Juniper Networks, Inc. (JNPR) traded higher by 0.49% or $0.11/share to $21.64. In the past year, the shares have traded as low as $16.67 and as high as $45.02. On average, 9880150 shares of JNPR exchange hands on a given day and today's volume is recorded at 13610506. 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 $21.77 area but be careful because the stock may face selling pressure at this level.
