The following stocks were detected to be trading among the most active on June 11: Nokia Corporation, JPMorgan Chase & Co, PowerShares QQQ, Duke Energy Corporation, and iShares Russell 2000 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 Nokia Corporation (NOK) fell by 3.81% or $-0.11/share to $2.9. In the past year, the shares have traded as low as $2.61 and as high as $6.82. On average, 39473930 shares of NOK exchange hands on a given day and today's volume is recorded at 13935645. 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 $3.43 area but be careful because the stock may face selling pressure at this level.
Shares of JPMorgan Chase & Co. (JPM) fell by 0.48% or $-0.16/share to $33.52. In the past year, the shares have traded as low as $27.47 and as high as $46.18. On average, 44325290 shares of JPM exchange hands on a given day and today's volume is recorded at 13648437. 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 $36.02 area where the stock may encounter resistance.
Shares of PowerShares QQQ (QQQ) traded higher by 0.02% or $0.01/share to $62.88. In the past year, the shares have traded as low as $49.56 and as high as $68.55. On average, 54204520 shares of QQQ exchange hands on a given day and today's volume is recorded at 12597194. 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 $64.71 represents resistance and the 200-day moving average of $59.88 would be an area of support.
Shares of Duke Energy Corporation (DUK) fell by 0.13% or $-0.03/share to $23.12. In the past year, the shares have traded as low as $16.06 and as high as $23.23. On average, 13404100 shares of DUK exchange hands on a given day and today's volume is recorded at 12226739. 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 $21.29 area where the stock will likely see buying pressure.
Shares of iShares Russell 2000 Index (IWM) fell by 0.13% or $-0.10/share to $76.87. In the past year, the shares have traded as low as $59.62 and as high as $84.97. On average, 54031890 shares of IWM exchange hands on a given day and today's volume is recorded at 12229411. 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 $78.91 represents resistance and the 200-day moving average of $75.42 would be an area of support.
