The following stocks were detected to be trading among the most active on June 1: JPMorgan Chase & Co, Market Vectors Gold Miners ETF, Citigroup, Inc, SPDR Gold Shares, and SIRIUS XM Radio Inc. 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 JPMorgan Chase & Co. (JPM) fell by 3.14% or $-1.04/share to $32.11. In the past year, the shares have traded as low as $27.47 and as high as $46.19. On average, 42690130 shares of JPM exchange hands on a given day and today's volume is recorded at 15956332. 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 $36.07 area where the stock may encounter resistance.
Shares of Market Vectors Gold Miners ETF (GDX) traded higher by 5.07% or $2.22/share to $46.0. In the past year, the shares have traded as low as $39.08 and as high as $66.78. On average, 15482510 shares of GDX exchange hands on a given day and today's volume is recorded at 13720444. 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 $54.00 represents resistance and the 50-day moving average of $45.64 would be an area of support.
Shares of Citigroup, Inc. (C) fell by 3.6% or $-0.95/share to $25.56. In the past year, the shares have traded as low as $21.39 and as high as $43.02. On average, 42849400 shares of C exchange hands on a given day and today's volume is recorded at 12933962. 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 $30.13 area where the stock may encounter resistance.
Shares of SPDR Gold Shares (GLD) traded higher by 3.17% or $4.81/share to $156.43. In the past year, the shares have traded as low as $143.98 and as high as $185.85. On average, 11361310 shares of GLD exchange hands on a given day and today's volume is recorded at 12555729. 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 $157.83 area but be careful because the stock may face selling pressure at this level.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 0.53% or $-0.01/share to $1.88. In the past year, the shares have traded as low as $1.27 and as high as $2.41. On average, 57334880 shares of SIRI exchange hands on a given day and today's volume is recorded at 12249448. 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 $1.96 area where the stock may encounter resistance.
