The following stocks were detected to be trading among the most active on June 29: General Electric Company, PowerShares QQQ, News Corp, JPMorgan Chase & Co, 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 1.63% or $0.33/share to $20.53. In the past year, the shares have traded as low as $13.64 and as high as $20.82. On average, 48048950 shares of GE exchange hands on a given day and today's volume is recorded at 17965388. 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 $19.17 area where the stock will likely see buying pressure.
Shares of PowerShares QQQ (QQQ) traded higher by 2.2% or $1.37/share to $63.57. In the past year, the shares have traded as low as $49.45 and as high as $68.39. On average, 52796100 shares of QQQ exchange hands on a given day and today's volume is recorded at 15577982. 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 $63.42 area where the stock will likely see buying pressure.
Shares of News Corp. (NWSA) traded higher by 0.61% or $0.13/share to $22.13. In the past year, the shares have traded as low as $13.25 and as high as $22.73. On average, 18287180 shares of NWSA exchange hands on a given day and today's volume is recorded at 13538217. 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 $19.70 area where the stock will likely see buying pressure.
Shares of JPMorgan Chase & Co. (JPM) traded higher by 0.2% or $0.07/share to $35.95. In the past year, the shares have traded as low as $27.47 and as high as $46.18. On average, 46469940 shares of JPM exchange hands on a given day and today's volume is recorded at 14038593. 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 $36.08 area where the stock may encounter resistance.
Shares of Microsoft Corporation (MSFT) traded higher by 1.76% or $0.53/share to $30.43. In the past year, the shares have traded as low as $23.30 and as high as $32.73. On average, 45965690 shares of MSFT exchange hands on a given day and today's volume is recorded at 13090374. 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 $30.19 area where the stock will likely see buying pressure.
