The following stocks were detected to be trading among the most active on January 23: General Electric Company, Chesapeake Energy Corporation, Financial Select Sector SPDR, Ford Motor Co, 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 General Electric Company (GE) fell by 0.31% or $-0.06/share to $19.09. In the past year, the shares have traded as low as $13.89 and as high as $20.93. On average, 64401930 shares of GE exchange hands on a given day and today's volume is recorded at 11700823. 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 $17.27 area.
Shares of Chesapeake Energy Corporation (CHK) traded higher by 5.82% or $1.22/share to $22.18. In the past year, the shares have traded as low as $20.41 and as high as $35.51. On average, 13225990 shares of CHK exchange hands on a given day and today's volume is recorded at 11570944. 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 $23.63 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) traded higher by 1.03% or $0.15/share to $14.28. In the past year, the shares have traded as low as $10.88 and as high as $16.91. On average, 92717180 shares of XLF exchange hands on a given day and today's volume is recorded at 11387209. 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 $13.79 area.
Shares of Ford Motor Co. (F) traded higher by 1.83% or $0.23/share to $12.82. In the past year, the shares have traded as low as $9.05 and as high as $18.88. On average, 56631100 shares of F exchange hands on a given day and today's volume is recorded at 10826845. 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 $12.21 area.
Shares of Micron Technology Inc. (MU) traded higher by 3.35% or $0.26/share to $8.02. In the past year, the shares have traded as low as $3.97 and as high as $11.95. On average, 32292100 shares of MU exchange hands on a given day and today's volume is recorded at 9961334. 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 $7.31 area.
