The following stocks were detected to be trading among the most active on May 31: PowerShares QQQ, iShares Russell 2000 Index, SIRIUS XM Radio Inc, Vanguard MSCI Emerging Markets ETF, 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 PowerShares QQQ (QQQ) fell by 0.98% or $-0.61/share to $61.72. In the past year, the shares have traded as low as $49.56 and as high as $68.55. On average, 53511450 shares of QQQ exchange hands on a given day and today's volume is recorded at 13022433. 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 $65.52 represents resistance and the 200-day moving average of $59.53 would be an area of support.
Shares of iShares Russell 2000 Index (IWM) fell by 1.28% or $-0.98/share to $75.24. In the past year, the shares have traded as low as $59.62 and as high as $84.97. On average, 54502700 shares of IWM exchange hands on a given day and today's volume is recorded at 12785443. 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 $79.99 represents resistance and the 200-day moving average of $75.15 would be an area of support.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 1.06% or $0.02/share to $1.91. In the past year, the shares have traded as low as $1.27 and as high as $2.44. On average, 57343030 shares of SIRI exchange hands on a given day and today's volume is recorded at 10473221. 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 $1.96 area where the stock may encounter resistance.
Shares of Vanguard MSCI Emerging Markets ETF (VWO) fell by 0.47% or $-0.18/share to $37.72. In the past year, the shares have traded as low as $33.41 and as high as $48.50. On average, 21358900 shares of VWO exchange hands on a given day and today's volume is recorded at 10338076. 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 $40.72 area where the stock may encounter resistance.
Shares of Alcatel-Lucent, S.A. (ALU) fell by 4.32% or $-0.07/share to $1.55. In the past year, the shares have traded as low as $1.39 and as high as $6.05. On average, 22597690 shares of ALU exchange hands on a given day and today's volume is recorded at 9240983. 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 $1.84 area but be careful because the stock may face selling pressure at this level.
