The following stocks were detected to be trading among the most active on June 12: General Electric Company, Arena Pharmaceuticals, Inc, Ford Motor Co, Wells Fargo & Company, and Microsoft Corporation. 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 General Electric Company (GE) traded higher by 0.63% or $0.12/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, 48210930 shares of GE exchange hands on a given day and today's volume is recorded at 14353225. 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 $19.20 area where the stock will likely see buying pressure.
Shares of Arena Pharmaceuticals, Inc. (ARNA) traded higher by 6.5% or $0.46/share to $7.54. In the past year, the shares have traded as low as $1.23 and as high as $7.23. On average, 15330120 shares of ARNA exchange hands on a given day and today's volume is recorded at 13853907. 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 $4.21 area where the stock will likely see buying pressure.
Shares of Ford Motor Co. (F) traded higher by 0.41% or $0.04/share to $10.49. In the past year, the shares have traded as low as $8.98 and as high as $14.10. On average, 45674780 shares of F exchange hands on a given day and today's volume is recorded at 12921019. 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 $11.08 area but be careful because the stock may face selling pressure at this level.
Shares of Wells Fargo & Company (WFC) traded higher by 0.32% or $0.10/share to $31.09. In the past year, the shares have traded as low as $22.23 and as high as $34.37. On average, 29825570 shares of WFC exchange hands on a given day and today's volume is recorded at 11733981. 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 $32.56 represents resistance and the 200-day moving average of $28.68 would be an area of support.
Shares of Microsoft Corporation (MSFT) traded higher by 0.66% or $0.19/share to $29.09. In the past year, the shares have traded as low as $23.02 and as high as $32.74. On average, 45215210 shares of MSFT exchange hands on a given day and today's volume is recorded at 10811883. 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 $30.47 represents resistance and the 200-day moving average of $28.22 would be an area of support.
