The following stocks were detected to be trading among the most active on June 21: Sprint Nextel Corp, Microsoft Corporation, Celgene Corporation, Citigroup, Inc, and iShares MSCI Emerging Markets Index. 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 Sprint Nextel Corp. (S) traded higher by 1.28% or $0.04/share to $3.17. In the past year, the shares have traded as low as $2.10 and as high as $5.75. On average, 49370300 shares of S exchange hands on a given day and today's volume is recorded at 12465038. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $2.62 area.
Shares of Microsoft Corporation (MSFT) fell by 0.05% or $-0.02/share to $30.92. In the past year, the shares have traded as low as $23.31 and as high as $32.74. On average, 45444340 shares of MSFT exchange hands on a given day and today's volume is recorded at 11793160. 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 $30.28 area where the stock will likely see buying pressure.
Shares of Celgene Corporation (CELG) fell by 11.71% or $-7.86/share to $59.29. In the past year, the shares have traded as low as $51.70 and as high as $80.42. On average, 3226830 shares of CELG exchange hands on a given day and today's volume is recorded at 11262471. 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 $69.05 area where the stock may encounter resistance.
Shares of Citigroup, Inc. (C) fell by 0.14% or $-0.04/share to $28.82. In the past year, the shares have traded as low as $21.38 and as high as $43.01. On average, 40999530 shares of C exchange hands on a given day and today's volume is recorded at 10924181. 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 $29.76 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 2.45% or $-0.97/share to $38.6. In the past year, the shares have traded as low as $33.10 and as high as $48.17. On average, 55276050 shares of EEM exchange hands on a given day and today's volume is recorded at 10879755. 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 $39.74 area but be careful because the stock may face selling pressure at this level.
