The following stocks were detected to be trading among the most active on June 29: Elster Group SE, Citigroup, Inc, iShares Russell 2000 Index, iShares MSCI Emerging Markets Index, and Financial Select Sector SPDR. 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 Elster Group SE (ELT) traded higher by 4.83% or $0.94/share to $20.31. In the past year, the shares have traded as low as $11.52 and as high as $19.56. On average, 253650 shares of ELT exchange hands on a given day and today's volume is recorded at 23524840. 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 $15.39 area where the stock will likely see buying pressure.
Shares of Citigroup, Inc. (C) traded higher by 3.07% or $0.81/share to $27.2. In the past year, the shares have traded as low as $21.38 and as high as $43.01. On average, 41284860 shares of C exchange hands on a given day and today's volume is recorded at 22338084. 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 $28.90 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Russell 2000 Index (IWM) traded higher by 2.15% or $1.66/share to $78.97. In the past year, the shares have traded as low as $59.32 and as high as $84.54. On average, 54553470 shares of IWM exchange hands on a given day and today's volume is recorded at 21661580. 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 $77.36 area where the stock will likely see buying pressure.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 3.52% or $1.32/share to $38.79. In the past year, the shares have traded as low as $32.71 and as high as $47.60. On average, 54049090 shares of EEM exchange hands on a given day and today's volume is recorded at 20926890. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $39.62 represents resistance and the 50-day moving average of $38.77 would be an area of support.
Shares of Financial Select Sector SPDR (XLF) traded higher by 1.82% or $0.26/share to $14.53. In the past year, the shares have traded as low as $10.79 and as high as $15.93. On average, 82361870 shares of XLF exchange hands on a given day and today's volume is recorded at 19260116. 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 $14.42 area where the stock will likely see buying pressure.
