The following stocks were detected to be trading among the most active on January 12: JPMorgan Chase & Co, General Electric Company, Sprint Nextel Corp, iShares Russell 2000 Index, and PowerShares QQQ. 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 JPMorgan Chase & Co. (JPM) fell by 0.71% or $-0.26/share to $36.4. In the past year, the shares have traded as low as $27.65 and as high as $47.05. On average, 41440300 shares of JPM exchange hands on a given day and today's volume is recorded at 14128651. 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 $36.87 represents resistance and the 50-day moving average of $32.42 would be an area of support.
Shares of General Electric Company (GE) fell by 0.26% or $-0.05/share to $18.83. In the past year, the shares have traded as low as $13.89 and as high as $20.92. On average, 64060100 shares of GE exchange hands on a given day and today's volume is recorded at 12596718. 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 $17.30 area.
Shares of Sprint Nextel Corp. (S) traded higher by 2.17% or $0.05/share to $2.35. In the past year, the shares have traded as low as $2.10 and as high as $6.45. On average, 43328090 shares of S exchange hands on a given day and today's volume is recorded at 12334939. 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 $2.51 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Russell 2000 Index (IWM) fell by 0.33% or $-0.25/share to $76.32. In the past year, the shares have traded as low as $59.80 and as high as $85.79. On average, 62402390 shares of IWM exchange hands on a given day and today's volume is recorded at 13005676. 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 $75.40 area.
Shares of PowerShares QQQ (QQQ) fell by 0.14% or $-0.08/share to $58.08. In the past year, the shares have traded as low as $49.65 and as high as $59.49. On average, 56838670 shares of QQQ exchange hands on a given day and today's volume is recorded at 11937206. 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 $56.23 area where the stock will likely see buying pressure.
