The following stocks were detected to be trading among the most active on March 28: SIRIUS XM Radio Inc, Express Scripts Inc, iShares MSCI Emerging Markets Index, Medco Health Solutions, Inc, and iShares Russell 2000 Index. 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 SIRIUS XM Radio Inc. (SIRI) fell by 0.22% or $-0.00/share to $2.24. In the past year, the shares have traded as low as $1.27 and as high as $2.43. On average, 52631930 shares of SIRI exchange hands on a given day and today's volume is recorded at 23299952. 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 $2.18 area where the stock will likely see buying pressure.
Shares of Express Scripts Inc. (ESRX) traded higher by 0.87% or $0.46/share to $53.67. In the past year, the shares have traded as low as $34.47 and as high as $60.88. On average, 7851290 shares of ESRX exchange hands on a given day and today's volume is recorded at 19213382. 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 $52.34 area where the stock will likely see buying pressure.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 1.31% or $-0.57/share to $42.85. In the past year, the shares have traded as low as $33.10 and as high as $49.45. On average, 51582060 shares of EEM exchange hands on a given day and today's volume is recorded at 18386820. 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 $43.22 represents resistance and the 200-day moving average of $41.36 would be an area of support.
Shares of Medco Health Solutions, Inc. (MHS) traded higher by 2.96% or $2.04/share to $71.03. In the past year, the shares have traded as low as $44.60 and as high as $70.97. On average, 5659320 shares of MHS exchange hands on a given day and today's volume is recorded at 16881794. 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 $64.97 area where the stock will likely see buying pressure.
Shares of iShares Russell 2000 Index (IWM) fell by 0.78% or $-0.65/share to $83.16. In the past year, the shares have traded as low as $59.62 and as high as $85.54. On average, 48862880 shares of IWM exchange hands on a given day and today's volume is recorded at 16118439. 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 $81.05 area where the stock will likely see buying pressure.
