The following stocks were detected to be trading among the most active on June 21: Sun Healthcare Group, Inc, Onyx Pharmaceuticals, Inc, iShares Russell 2000 Index, General Electric Company, and JPMorgan Chase & Co. 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 Sun Healthcare Group, Inc. (SUNH) traded higher by 36.07% or $2.21/share to $8.35. In the past year, the shares have traded as low as $2.06 and as high as $8.76. On average, 318570 shares of SUNH exchange hands on a given day and today's volume is recorded at 15319653. 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 $5.95 area where the stock will likely see buying pressure.
Shares of Onyx Pharmaceuticals, Inc. (ONXX) traded higher by 40.29% or $17.96/share to $62.54. In the past year, the shares have traded as low as $27.17 and as high as $47.80. On average, 1326900 shares of ONXX exchange hands on a given day and today's volume is recorded at 15105804. 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 $43.99 area where the stock will likely see buying pressure.
Shares of iShares Russell 2000 Index (IWM) fell by 0.57% or $-0.45/share to $78.08. In the past year, the shares have traded as low as $59.62 and as high as $84.96. On average, 54597150 shares of IWM exchange hands on a given day and today's volume is recorded at 14291725. 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 $78.10 represents resistance and the 200-day moving average of $75.72 would be an area of support.
Shares of General Electric Company (GE) fell by 0.75% or $-0.15/share to $19.95. In the past year, the shares have traded as low as $13.77 and as high as $21.00. On average, 47211660 shares of GE exchange hands on a given day and today's volume is recorded at 13324894. 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 $19.22 area where the stock will likely see buying pressure.
Shares of JPMorgan Chase & Co. (JPM) traded higher by 0.14% or $0.05/share to $36.5. In the past year, the shares have traded as low as $27.47 and as high as $46.18. On average, 44432990 shares of JPM exchange hands on a given day and today's volume is recorded at 13297319. 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 $37.91 represents resistance and the 200-day moving average of $35.98 would be an area of support.
