The following stocks were detected to be trading among the most active on January 4: Intel Corporation, iShares Russell 2000 Index, AT&T, Inc, General Electric Company, and Micron Technology 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 Intel Corporation (INTC) traded higher by 0.45% or $0.11/share to $24.65. In the past year, the shares have traded as low as $18.85 and as high as $25.78. On average, 57103170 shares of INTC exchange hands on a given day and today's volume is recorded at 12178803. 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 $24.20 area where the stock will likely see buying pressure.
Shares of iShares Russell 2000 Index (IWM) fell by 0.96% or $-0.72/share to $74.25. In the past year, the shares have traded as low as $59.80 and as high as $85.79. On average, 67459120 shares of IWM exchange hands on a given day and today's volume is recorded at 11410392. 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 $75.56 represents resistance and the 50-day moving average of $72.63 would be an area of support.
Shares of AT&T, Inc. (T) traded higher by 0.33% or $0.10/share to $30.48. In the past year, the shares have traded as low as $26.05 and as high as $31.03. On average, 24792610 shares of T exchange hands on a given day and today's volume is recorded at 10593637. 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 $29.17 area.
Shares of General Electric Company (GE) fell by 0.11% or $-0.02/share to $18.34. In the past year, the shares have traded as low as $13.89 and as high as $20.92. On average, 66133580 shares of GE exchange hands on a given day and today's volume is recorded at 10551968. 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 $17.31 area.
Shares of Micron Technology Inc. (MU) fell by 0.3% or $-0.02/share to $6.74. In the past year, the shares have traded as low as $3.97 and as high as $11.95. On average, 31894710 shares of MU exchange hands on a given day and today's volume is recorded at 10532150. 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 $7.55 represents resistance and the 50-day moving average of $5.81 would be an area of support.
