The following stocks were detected to be trading among the most active on May 17: iShares Russell 2000 Index, Citigroup, Inc, PowerShares QQQ, SIRIUS XM Radio Inc, and General Electric Company. 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 Russell 2000 Index (IWM) fell by 0.38% or $-0.29/share to $76.86. In the past year, the shares have traded as low as $59.62 and as high as $84.97. On average, 52889410 shares of IWM exchange hands on a given day and today's volume is recorded at 16783580. 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 $80.98 represents resistance and the 200-day moving average of $74.87 would be an area of support.
Shares of Citigroup, Inc. (C) fell by 0.93% or $-0.25/share to $26.67. In the past year, the shares have traded as low as $21.38 and as high as $43.01. On average, 41870030 shares of C exchange hands on a given day and today's volume is recorded at 15025916. 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 $30.40 area where the stock may encounter resistance.
Shares of PowerShares QQQ (QQQ) fell by 0.24% or $-0.15/share to $62.79. In the past year, the shares have traded as low as $49.56 and as high as $68.55. On average, 52119980 shares of QQQ exchange hands on a given day and today's volume is recorded at 13853503. 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 $66.16 represents resistance and the 200-day moving average of $59.12 would be an area of support.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 1.53% or $-0.03/share to $1.93. In the past year, the shares have traded as low as $1.27 and as high as $2.44. On average, 57350560 shares of SIRI exchange hands on a given day and today's volume is recorded at 12395324. 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 $1.95 area where the stock may encounter resistance.
Shares of General Electric Company (GE) traded higher by 0.16% or $0.03/share to $19.03. In the past year, the shares have traded as low as $13.76 and as high as $21.00. On average, 44210020 shares of GE exchange hands on a given day and today's volume is recorded at 12234411. 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 $19.46 represents resistance and the 200-day moving average of $17.37 would be an area of support.
