The following stocks were detected to be trading among the most active on May 14: General Electric Company, PowerShares QQQ, Arena Pharmaceuticals, Inc, Cisco Systems, Inc, and Yahoo! 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 General Electric Company (GE) fell by 2.3% or $-0.44/share to $18.57. In the past year, the shares have traded as low as $13.76 and as high as $21.00. On average, 44237190 shares of GE exchange hands on a given day and today's volume is recorded at 11203692. 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 $19.47 represents resistance and the 200-day moving average of $17.36 would be an area of support.
Shares of PowerShares QQQ (QQQ) fell by 0.95% or $-0.61/share to $63.57. In the past year, the shares have traded as low as $49.56 and as high as $68.55. On average, 53066600 shares of QQQ exchange hands on a given day and today's volume is recorded at 10732855. 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 $66.20 represents resistance and the 200-day moving average of $59.04 would be an area of support.
Shares of Arena Pharmaceuticals, Inc. (ARNA) traded higher by 3.93% or $0.25/share to $6.61. In the past year, the shares have traded as low as $1.23 and as high as $7.02. On average, 12936090 shares of ARNA exchange hands on a given day and today's volume is recorded at 10225695. 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 $2.55 area where the stock will likely see buying pressure.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 0.79% or $0.13/share to $16.64. In the past year, the shares have traded as low as $13.16 and as high as $21.22. On average, 42025420 shares of CSCO exchange hands on a given day and today's volume is recorded at 10193288. 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 $18.15 area where the stock may encounter resistance.
Shares of Yahoo! Inc. (YHOO) traded higher by 2.76% or $0.42/share to $15.61. In the past year, the shares have traded as low as $11.09 and as high as $17.81. On average, 16975870 shares of YHOO exchange hands on a given day and today's volume is recorded at 9856155. 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 $15.17 area where the stock will likely see buying pressure.
