The following stocks were detected to be trading among the most active on May 24: EMC Corporation, iShares Russell 2000 Index, iShares MSCI Emerging Markets Index, PowerShares QQQ, and Alcatel-Lucent, S.A. 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 EMC Corporation (EMC) fell by 4.08% or $-1.04/share to $24.42. In the past year, the shares have traded as low as $19.84 and as high as $30.00. On average, 18434840 shares of EMC exchange hands on a given day and today's volume is recorded at 16935940. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $24.75 area where the stock may encounter resistance.
Shares of iShares Russell 2000 Index (IWM) fell by 0.35% or $-0.27/share to $76.21. In the past year, the shares have traded as low as $59.62 and as high as $84.97. On average, 54722560 shares of IWM exchange hands on a given day and today's volume is recorded at 14410485. 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 $80.47 represents resistance and the 200-day moving average of $74.97 would be an area of support.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 0.64% or $-0.24/share to $37.28. In the past year, the shares have traded as low as $33.10 and as high as $48.17. On average, 52864970 shares of EEM exchange hands on a given day and today's volume is recorded at 13198809. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $40.43 area where the stock may encounter resistance.
Shares of PowerShares QQQ (QQQ) fell by 0.38% or $-0.24/share to $62.33. In the past year, the shares have traded as low as $49.57 and as high as $68.55. On average, 53061390 shares of QQQ exchange hands on a given day and today's volume is recorded at 11996789. 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 $65.87 represents resistance and the 200-day moving average of $59.33 would be an area of support.
Shares of Alcatel-Lucent, S.A. (ALU) traded higher by 0.63% or $0.01/share to $1.58. In the past year, the shares have traded as low as $1.39 and as high as $6.05. On average, 22749400 shares of ALU exchange hands on a given day and today's volume is recorded at 11067191. 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 $1.90 area but be careful because the stock may face selling pressure at this level.
