The following stocks were detected to be trading among the most active on May 11: PowerShares QQQ, Cisco Systems, Inc, iShares MSCI Emerging Markets Index, iShares Russell 2000 Index, and Microsoft Corporation. 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 0.78% or $0.50/share to $64.69. In the past year, the shares have traded as low as $49.56 and as high as $68.55. On average, 53162050 shares of QQQ exchange hands on a given day and today's volume is recorded at 18127756. 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 $66.21 represents resistance and the 200-day moving average of $59.01 would be an area of support.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 0.3% or $0.05/share to $16.86. In the past year, the shares have traded as low as $13.16 and as high as $21.22. On average, 41483260 shares of CSCO exchange hands on a given day and today's volume is recorded at 17656804. 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 iShares MSCI Emerging Markets Index (EEM) fell by 0.35% or $-0.14/share to $40.35. In the past year, the shares have traded as low as $33.10 and as high as $48.17. On average, 49968900 shares of EEM exchange hands on a given day and today's volume is recorded at 16925816. 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 $40.71 area where the stock may encounter resistance.
Shares of iShares Russell 2000 Index (IWM) traded higher by 0.03% or $0.02/share to $79.12. In the past year, the shares have traded as low as $59.62 and as high as $84.97. On average, 52989120 shares of IWM exchange hands on a given day and today's volume is recorded at 15710428. 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 $81.15 represents resistance and the 200-day moving average of $74.88 would be an area of support.
Shares of Microsoft Corporation (MSFT) traded higher by 2.02% or $0.62/share to $31.36. In the past year, the shares have traded as low as $23.18 and as high as $32.95. On average, 46026640 shares of MSFT exchange hands on a given day and today's volume is recorded at 14770598. 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 $31.75 represents resistance and the 200-day moving average of $27.94 would be an area of support.
