The following stocks were detected to be trading among the most active on July 2: Brightpoint Inc, PowerShares QQQ, Ford Motor Co, JPMorgan Chase & Co, and Citigroup, 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 Brightpoint Inc. (CELL) traded higher by 62.57% or $3.39/share to $8.8. In the past year, the shares have traded as low as $4.50 and as high as $12.06. On average, 678800 shares of CELL exchange hands on a given day and today's volume is recorded at 19481036. 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 $8.61 area.
Shares of PowerShares QQQ (QQQ) fell by 0.3% or $-0.19/share to $63.97. In the past year, the shares have traded as low as $49.45 and as high as $68.39. On average, 52652320 shares of QQQ exchange hands on a given day and today's volume is recorded at 17634640. 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 $63.39 area where the stock will likely see buying pressure.
Shares of Ford Motor Co. (F) fell by 1.46% or $-0.14/share to $9.45. In the past year, the shares have traded as low as $8.98 and as high as $14.10. On average, 46167990 shares of F exchange hands on a given day and today's volume is recorded at 16493236. 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 $10.56 area but be careful because the stock may face selling pressure at this level.
Shares of JPMorgan Chase & Co. (JPM) fell by 0.08% or $-0.03/share to $35.7. In the past year, the shares have traded as low as $27.47 and as high as $46.18. On average, 46841290 shares of JPM exchange hands on a given day and today's volume is recorded at 14490391. 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 $36.10 area where the stock may encounter resistance.
Shares of Citigroup, Inc. (C) fell by 1.42% or $-0.39/share to $27.02. In the past year, the shares have traded as low as $21.38 and as high as $43.00. On average, 41622900 shares of C exchange hands on a given day and today's volume is recorded at 14241203. 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 $28.75 area but be careful because the stock may face selling pressure at this level.
