The following stocks were detected to be trading among the most active on January 23: iShares MSCI Emerging Markets Index, Intel Corporation, Cisco Systems, Inc, SIRIUS XM Radio Inc, and Citigroup, 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 iShares MSCI Emerging Markets Index (EEM) traded higher by 1.38% or $0.57/share to $41.95. In the past year, the shares have traded as low as $33.10 and as high as $49.45. On average, 61153570 shares of EEM exchange hands on a given day and today's volume is recorded at 17439900. 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 $42.27 represents resistance and the 50-day moving average of $38.64 would be an area of support.
Shares of Intel Corporation (INTC) traded higher by 1.69% or $0.45/share to $26.83. In the past year, the shares have traded as low as $18.86 and as high as $26.48. On average, 54825280 shares of INTC exchange hands on a given day and today's volume is recorded at 17191418. 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 $24.51 area where the stock will likely see buying pressure.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 0.35% or $0.07/share to $19.99. In the past year, the shares have traded as low as $13.21 and as high as $22.02. On average, 47773570 shares of CSCO exchange hands on a given day and today's volume is recorded at 16161093. 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 $18.50 area where the stock will likely see buying pressure.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 1.19% or $-0.03/share to $2.08. In the past year, the shares have traded as low as $1.27 and as high as $2.45. On average, 54147100 shares of SIRI exchange hands on a given day and today's volume is recorded at 12726988. 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 $1.91 area.
Shares of Citigroup, Inc. (C) traded higher by 2.23% or $0.66/share to $30.3. In the past year, the shares have traded as low as $21.39 and as high as $49.56. On average, 56603980 shares of C exchange hands on a given day and today's volume is recorded at 11828325. 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 $33.64 represents resistance and the 50-day moving average of $27.64 would be an area of support.
