The following stocks were detected to be trading among the most active on May 22: iShares MSCI Emerging Markets Index, General Electric Company, Best Buy Co. Inc, Cisco Systems, Inc, and Morgan Stanley. 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 iShares MSCI Emerging Markets Index (EEM) traded higher by 0.42% or $0.16/share to $38.34. In the past year, the shares have traded as low as $33.10 and as high as $48.17. On average, 52099500 shares of EEM exchange hands on a given day and today's volume is recorded at 12957496. 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 $40.46 area where the stock may encounter resistance.
Shares of General Electric Company (GE) traded higher by 0.58% or $0.11/share to $19.23. In the past year, the shares have traded as low as $13.77 and as high as $21.00. On average, 44332100 shares of GE exchange hands on a given day and today's volume is recorded at 10388625. 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 $17.41 would be an area of support.
Shares of Best Buy Co. Inc. (BBY) traded higher by 0.17% or $0.03/share to $18.2. In the past year, the shares have traded as low as $17.53 and as high as $32.02. On average, 7947610 shares of BBY exchange hands on a given day and today's volume is recorded at 9954723. 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 $22.52 area but be careful because the stock may face selling pressure at this level.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 0.36% or $0.06/share to $16.73. In the past year, the shares have traded as low as $13.16 and as high as $21.22. On average, 42867650 shares of CSCO exchange hands on a given day and today's volume is recorded at 9450384. 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 $18.19 area where the stock may encounter resistance.
Shares of Morgan Stanley (MS) traded higher by 2.99% or $0.39/share to $13.59. In the past year, the shares have traded as low as $11.48 and as high as $24.23. On average, 27741090 shares of MS exchange hands on a given day and today's volume is recorded at 9176336. 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 $16.74 area where the stock may encounter resistance.
