The following stocks were detected to be trading among the most active on January 3: Financial Select Sector SPDR, iShares Russell 2000 Index, Research In Motion Limited, Micron Technology Inc, and Ford Motor Co. 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 Financial Select Sector SPDR (XLF) traded higher by 3.3% or $0.43/share to $13.43. In the past year, the shares have traded as low as $10.89 and as high as $16.92. On average, 105372630 shares of XLF exchange hands on a given day and today's volume is recorded at 20472864. 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 $13.96 represents resistance and the 50-day moving average of $12.83 would be an area of support.
Shares of iShares Russell 2000 Index (IWM) traded higher by 2.52% or $1.86/share to $75.61. In the past year, the shares have traded as low as $59.80 and as high as $85.79. On average, 68395320 shares of IWM exchange hands on a given day and today's volume is recorded at 20675454. 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 $75.57 area.
Shares of Research In Motion Limited (RIMM) traded higher by 9.14% or $1.32/share to $15.82. In the past year, the shares have traded as low as $12.45 and as high as $70.53. On average, 22777600 shares of RIMM exchange hands on a given day and today's volume is recorded at 18486780. 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 $17.46 area but be careful because the stock may face selling pressure at this level.
Shares of Micron Technology Inc. (MU) traded higher by 8.82% or $0.55/share to $6.84. In the past year, the shares have traded as low as $3.97 and as high as $11.94. On average, 32129350 shares of MU exchange hands on a given day and today's volume is recorded at 17500752. 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 $7.56 represents resistance and the 50-day moving average of $5.78 would be an area of support.
Shares of Ford Motor Co. (F) traded higher by 4.28% or $0.46/share to $11.22. In the past year, the shares have traded as low as $9.05 and as high as $18.97. On average, 59249990 shares of F exchange hands on a given day and today's volume is recorded at 17702008. 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 $12.40 represents resistance and the 50-day moving average of $10.89 would be an area of support.
