The following stocks were detected to be trading among the most active on May 23: iShares MSCI Emerging Markets Index, Microsoft Corporation, Intel Corporation, Ford Motor Co, 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 iShares MSCI Emerging Markets Index (EEM) fell by 2.28% or $-0.86/share to $36.92. In the past year, the shares have traded as low as $33.10 and as high as $48.17. On average, 52300590 shares of EEM exchange hands on a given day and today's volume is recorded at 27796186. 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 $40.44 area where the stock may encounter resistance.
Shares of Microsoft Corporation (MSFT) fell by 2.99% or $-0.89/share to $28.87. In the past year, the shares have traded as low as $23.02 and as high as $32.74. On average, 45102860 shares of MSFT exchange hands on a given day and today's volume is recorded at 24154604. 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 $31.27 represents resistance and the 200-day moving average of $27.91 would be an area of support.
Shares of Intel Corporation (INTC) fell by 3.27% or $-0.85/share to $25.18. In the past year, the shares have traded as low as $18.70 and as high as $29.27. On average, 36701070 shares of INTC exchange hands on a given day and today's volume is recorded at 23766716. 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 $27.59 represents resistance and the 200-day moving average of $24.50 would be an area of support.
Shares of Ford Motor Co. (F) traded higher by 1.97% or $0.20/share to $10.39. In the past year, the shares have traded as low as $8.98 and as high as $14.81. On average, 44743810 shares of F exchange hands on a given day and today's volume is recorded at 21866020. 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 $11.27 area where the stock may encounter resistance.
Shares of iShares Russell 2000 Index (IWM) fell by 1.29% or $-0.98/share to $75.01. In the past year, the shares have traded as low as $59.62 and as high as $84.97. On average, 54503160 shares of IWM exchange hands on a given day and today's volume is recorded at 20053272. 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 $80.60 represents resistance and the 200-day moving average of $74.91 would be an area of support.
