The following stocks were detected to be trading among the most active on March 28: Arena Pharmaceuticals, Inc, PowerShares QQQ, Ford Motor Co, Micron Technology Inc, and General Electric Company. 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 Arena Pharmaceuticals, Inc. (ARNA) fell by 10.74% or $-0.35/share to $2.91. In the past year, the shares have traded as low as $1.21 and as high as $3.47. On average, 6544550 shares of ARNA exchange hands on a given day and today's volume is recorded at 15621745. 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 $1.88 area where the stock will likely see buying pressure.
Shares of PowerShares QQQ (QQQ) fell by 0.16% or $-0.11/share to $68.1. In the past year, the shares have traded as low as $49.56 and as high as $68.49. On average, 46251800 shares of QQQ exchange hands on a given day and today's volume is recorded at 15062307. 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 $63.38 area where the stock will likely see buying pressure.
Shares of Ford Motor Co. (F) fell by 0.53% or $-0.07/share to $12.26. In the past year, the shares have traded as low as $9.02 and as high as $16.13. On average, 49879660 shares of F exchange hands on a given day and today's volume is recorded at 14933229. 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 $11.64 would be an area of support.
Shares of Micron Technology Inc. (MU) traded higher by 1.28% or $0.11/share to $8.69. In the past year, the shares have traded as low as $3.97 and as high as $11.89. On average, 31083870 shares of MU exchange hands on a given day and today's volume is recorded at 14300462. 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 $8.15 area where the stock will likely see buying pressure.
Shares of General Electric Company (GE) fell by 0.3% or $-0.06/share to $19.98. In the past year, the shares have traded as low as $13.77 and as high as $20.36. On average, 48027790 shares of GE exchange hands on a given day and today's volume is recorded at 13978469. 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 $19.14 area where the stock will likely see buying pressure.
