The following stocks were detected to be trading among the most active on June 8: Facebook, Inc, iShares MSCI Emerging Markets Index, PowerShares QQQ, iShares Russell 2000 Index, 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 Facebook, Inc. (FB) traded higher by 4.45% or $1.17/share to $27.48. In the past year, the shares have traded as low as $25.52 and as high as $45.00. On average, 104194360 shares of FB exchange hands on a given day and today's volume is recorded at 14654580. 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 $30.03 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 1.46% or $-0.56/share to $37.7. In the past year, the shares have traded as low as $33.11 and as high as $48.17. On average, 54333390 shares of EEM exchange hands on a given day and today's volume is recorded at 13462401. 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 $40.28 area where the stock may encounter resistance.
Shares of PowerShares QQQ (QQQ) traded higher by 0.42% or $0.26/share to $62.53. In the past year, the shares have traded as low as $49.56 and as high as $68.55. On average, 54266430 shares of QQQ exchange hands on a given day and today's volume is recorded at 13088256. 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 $64.82 represents resistance and the 200-day moving average of $59.82 would be an area of support.
Shares of iShares Russell 2000 Index (IWM) traded higher by 0.66% or $0.50/share to $76.44. In the past year, the shares have traded as low as $59.62 and as high as $84.96. On average, 53927890 shares of IWM exchange hands on a given day and today's volume is recorded at 12964614. 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 $79.03 represents resistance and the 200-day moving average of $75.38 would be an area of support.
Shares of General Electric Company (GE) traded higher by 1.08% or $0.21/share to $19.2. In the past year, the shares have traded as low as $13.76 and as high as $21.00. On average, 46868200 shares of GE exchange hands on a given day and today's volume is recorded at 11959901. 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 $19.22 represents resistance and the 200-day moving average of $17.62 would be an area of support.
