The following stocks were detected to be trading among the most active on March 22: iShares Russell 2000 Index, Oracle Corporation, General Electric Company, Rite Aid Corp, and Citigroup, 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 Russell 2000 Index (IWM) fell by 1.39% or $-1.15/share to $81.78. In the past year, the shares have traded as low as $59.80 and as high as $85.80. On average, 47827590 shares of IWM exchange hands on a given day and today's volume is recorded at 23418518. 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 $80.75 area where the stock will likely see buying pressure.
Shares of Oracle Corporation (ORCL) fell by 1.89% or $-0.56/share to $28.85. In the past year, the shares have traded as low as $24.61 and as high as $36.27. On average, 32931040 shares of ORCL exchange hands on a given day and today's volume is recorded at 22535158. 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 $28.92 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Company (GE) fell by 1.52% or $-0.30/share to $19.76. In the past year, the shares have traded as low as $13.76 and as high as $20.35. On average, 49122090 shares of GE exchange hands on a given day and today's volume is recorded at 21584928. 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 $19.04 area where the stock will likely see buying pressure.
Shares of Rite Aid Corp. (RAD) fell by 4.84% or $-0.09/share to $1.77. In the past year, the shares have traded as low as $0.85 and as high as $2.12. On average, 9829710 shares of RAD exchange hands on a given day and today's volume is recorded at 18818696. 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 $1.57 area where the stock will likely see buying pressure.
Shares of Citigroup, Inc. (C) fell by 2.01% or $-0.76/share to $37.04. In the past year, the shares have traded as low as $21.38 and as high as $46.85. On average, 48760010 shares of C exchange hands on a given day and today's volume is recorded at 16409098. 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 $32.72 area where the stock will likely see buying pressure.
