The following stocks were detected to be trading among the most active on March 29: iShares MSCI Emerging Markets Index, PowerShares QQQ, SIRIUS XM Radio Inc, Ford Motor Co, and Cisco Systems, 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 iShares MSCI Emerging Markets Index (EEM) fell by 1.32% or $-0.56/share to $42.13. In the past year, the shares have traded as low as $33.11 and as high as $49.46. On average, 51844410 shares of EEM exchange hands on a given day and today's volume is recorded at 21214732. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $43.28 represents resistance and the 200-day moving average of $41.34 would be an area of support.
Shares of PowerShares QQQ (QQQ) fell by 0.54% or $-0.37/share to $67.57. In the past year, the shares have traded as low as $49.56 and as high as $68.51. On average, 46353390 shares of QQQ exchange hands on a given day and today's volume is recorded at 18303884. 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 $63.57 area where the stock will likely see buying pressure.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 1.56% or $-0.03/share to $2.2. In the past year, the shares have traded as low as $1.27 and as high as $2.43. On average, 52894470 shares of SIRI exchange hands on a given day and today's volume is recorded at 18952684. 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 $2.19 area where the stock will likely see buying pressure.
Shares of Ford Motor Co. (F) traded higher by 0.41% or $0.05/share to $12.37. In the past year, the shares have traded as low as $9.01 and as high as $16.12. On average, 50002050 shares of F exchange hands on a given day and today's volume is recorded at 17045540. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $12.52 represents resistance and the 200-day moving average of $11.63 would be an area of support.
Shares of Cisco Systems, Inc. (CSCO) fell by 0.59% or $-0.12/share to $20.95. In the past year, the shares have traded as low as $13.20 and as high as $21.10. On average, 41956100 shares of CSCO exchange hands on a given day and today's volume is recorded at 16449409. 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 $20.04 area where the stock will likely see buying pressure.
