The following stocks were detected to be trading among the most active on June 28: Health Management Associates Inc, Citigroup, Inc, General Electric Company, News Corp, and iShares MSCI Emerging Markets 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 Health Management Associates Inc. (HMA) traded higher by 6.25% or $0.43/share to $7.31. In the past year, the shares have traded as low as $4.81 and as high as $11.26. On average, 3936780 shares of HMA exchange hands on a given day and today's volume is recorded at 15171779. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $7.15 area.
Shares of Citigroup, Inc. (C) fell by 2.47% or $-0.67/share to $26.43. In the past year, the shares have traded as low as $21.38 and as high as $43.01. On average, 40785530 shares of C exchange hands on a given day and today's volume is recorded at 14955550. 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 $29.07 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Company (GE) fell by 0.87% or $-0.18/share to $19.95. In the past year, the shares have traded as low as $13.64 and as high as $20.82. On average, 48026470 shares of GE exchange hands on a given day and today's volume is recorded at 14168887. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $19.13 area where the stock will likely see buying pressure.
Shares of News Corp. (NWSA) fell by 1.97% or $-0.44/share to $21.87. In the past year, the shares have traded as low as $13.24 and as high as $22.73. On average, 17864090 shares of NWSA exchange hands on a given day and today's volume is recorded at 13853213. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $19.64 area where the stock will likely see buying pressure.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 1.25% or $-0.47/share to $37.18. In the past year, the shares have traded as low as $32.71 and as high as $47.60. On average, 54383600 shares of EEM exchange hands on a given day and today's volume is recorded at 12946708. 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 $38.85 area but be careful because the stock may face selling pressure at this level.
