The following stocks were detected to be trading among the most active on May 25: Financial Select Sector SPDR, iShares Russell 2000 Index, Vanguard MSCI Emerging Markets ETF, VeriFone Systems, Inc, and Cisco Systems, 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 Financial Select Sector SPDR (XLF) fell by 0.04% or $-0.01/share to $14.06. In the past year, the shares have traded as low as $10.84 and as high as $16.00. On average, 85658760 shares of XLF exchange hands on a given day and today's volume is recorded at 9578830. 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 $15.20 represents resistance and the 200-day moving average of $13.66 would be an area of support.
Shares of iShares Russell 2000 Index (IWM) fell by 0.29% or $-0.22/share to $76.42. In the past year, the shares have traded as low as $59.62 and as high as $84.97. On average, 54991620 shares of IWM exchange hands on a given day and today's volume is recorded at 9107253. 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 $80.36 represents resistance and the 200-day moving average of $75.01 would be an area of support.
Shares of Vanguard MSCI Emerging Markets ETF (VWO) fell by 0.45% or $-0.17/share to $37.56. In the past year, the shares have traded as low as $33.41 and as high as $48.50. On average, 21439870 shares of VWO exchange hands on a given day and today's volume is recorded at 8571432. 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 $40.76 area where the stock may encounter resistance.
Shares of VeriFone Systems, Inc (PAY) fell by 11.82% or $-5.32/share to $39.68. In the past year, the shares have traded as low as $30.25 and as high as $55.89. On average, 2612670 shares of PAY exchange hands on a given day and today's volume is recorded at 8474806. 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 $42.67 area where the stock may encounter resistance.
Shares of Cisco Systems, Inc. (CSCO) fell by 0.03% or $-0.00/share to $16.39. In the past year, the shares have traded as low as $13.16 and as high as $21.23. On average, 43575890 shares of CSCO exchange hands on a given day and today's volume is recorded at 8472623. 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 $18.23 area where the stock may encounter resistance.
