The following stocks were detected to be trading among the most active on April 11: PowerShares QQQ, iShares Russell 2000 Index, iShares MSCI Emerging Markets Index, Pfizer Inc, 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 PowerShares QQQ (QQQ) traded higher by 1.05% or $0.69/share to $66.82. In the past year, the shares have traded as low as $49.56 and as high as $68.55. On average, 47977310 shares of QQQ exchange hands on a given day and today's volume is recorded at 17738428. 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 $64.79 area where the stock will likely see buying pressure.
Shares of iShares Russell 2000 Index (IWM) traded higher by 1.44% or $1.13/share to $79.48. In the past year, the shares have traded as low as $59.62 and as high as $85.54. On average, 50535810 shares of IWM exchange hands on a given day and today's volume is recorded at 16940012. 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 $81.76 represents resistance and the 200-day moving average of $75.08 would be an area of support.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 1.65% or $0.68/share to $41.97. In the past year, the shares have traded as low as $33.10 and as high as $49.45. On average, 52607010 shares of EEM exchange hands on a given day and today's volume is recorded at 15487841. 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 $43.41 represents resistance and the 200-day moving average of $41.24 would be an area of support.
Shares of Pfizer Inc. (PFE) traded higher by 0.36% or $0.08/share to $22.07. In the past year, the shares have traded as low as $16.30 and as high as $22.80. On average, 38018560 shares of PFE exchange hands on a given day and today's volume is recorded at 12329475. 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 $21.61 area where the stock will likely see buying pressure.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 2.35% or $0.46/share to $20.01. In the past year, the shares have traded as low as $13.16 and as high as $21.22. On average, 42460310 shares of CSCO exchange hands on a given day and today's volume is recorded at 11556864. 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 $20.09 represents resistance and the 200-day moving average of $17.70 would be an area of support.
