The following stocks were detected to be trading among the most active on May 15: Avon Products Inc, PowerShares QQQ, Financial Select Sector SPDR, iShares MSCI Emerging Markets Index, 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 Avon Products Inc. (AVP) fell by 10.4% or $-2.18/share to $18.78. In the past year, the shares have traded as low as $15.90 and as high as $29.35. On average, 8672120 shares of AVP exchange hands on a given day and today's volume is recorded at 19972462. 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 $19.43 area where the stock may encounter resistance.
Shares of PowerShares QQQ (QQQ) traded higher by 0.58% or $0.37/share to $63.95. In the past year, the shares have traded as low as $49.56 and as high as $68.55. On average, 53243290 shares of QQQ exchange hands on a given day and today's volume is recorded at 17981886. 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 $66.18 represents resistance and the 200-day moving average of $59.07 would be an area of support.
Shares of Financial Select Sector SPDR (XLF) traded higher by 0.41% or $0.06/share to $14.57. In the past year, the shares have traded as low as $10.85 and as high as $16.01. On average, 80372080 shares of XLF exchange hands on a given day and today's volume is recorded at 16987376. 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 $15.34 represents resistance and the 200-day moving average of $13.65 would be an area of support.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 0.13% or $0.05/share to $39.11. In the past year, the shares have traded as low as $33.10 and as high as $48.17. On average, 50440490 shares of EEM exchange hands on a given day and today's volume is recorded at 17175440. 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 $40.64 area where the stock may encounter resistance.
Shares of iShares Russell 2000 Index (IWM) traded higher by 0.4% or $0.31/share to $78.16. In the past year, the shares have traded as low as $59.62 and as high as $84.97. On average, 53120310 shares of IWM exchange hands on a given day and today's volume is recorded at 17006452. 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 $81.06 represents resistance and the 200-day moving average of $74.88 would be an area of support.
