The following stocks were detected to be trading among the most active on February 24: Cobalt International Energy, Inc, SandRidge Energy, Inc, iShares Russell 2000 Index, iShares MSCI EAFE Index, and Clearwire Corporation. 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 Cobalt International Energy, Inc. (CIE) traded higher by 2.35% or $0.68/share to $29.77. In the past year, the shares have traded as low as $6.30 and as high as $36.51. On average, 2273820 shares of CIE exchange hands on a given day and today's volume is recorded at 14984109. 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 $19.99 area where the stock will likely see buying pressure.
Shares of SandRidge Energy, Inc. (SD) traded higher by 3.99% or $0.33/share to $8.57. In the past year, the shares have traded as low as $4.55 and as high as $13.34. On average, 12565880 shares of SD exchange hands on a given day and today's volume is recorded at 14810726. 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 $8.38 area.
Shares of iShares Russell 2000 Index (IWM) fell by 0.04% or $-0.03/share to $82.77. In the past year, the shares have traded as low as $59.80 and as high as $85.79. On average, 49955030 shares of IWM exchange hands on a given day and today's volume is recorded at 13546253. 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 $77.60 area where the stock will likely see buying pressure.
Shares of iShares MSCI EAFE Index (EFA) traded higher by 0.74% or $0.41/share to $55.22. In the past year, the shares have traded as low as $44.91 and as high as $62.37. On average, 21209210 shares of EFA exchange hands on a given day and today's volume is recorded at 12883235. 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 $52.82 area.
Shares of Clearwire Corporation (CLWR) fell by 6.61% or $-0.15/share to $2.12. In the past year, the shares have traded as low as $1.24 and as high as $6.11. On average, 13914270 shares of CLWR exchange hands on a given day and today's volume is recorded at 12439748. 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 $2.57 represents resistance and the 50-day moving average of $1.96 would be an area of support.
