The following stocks were detected to be trading among the most active on July 18: Rovi Corporation, PowerShares QQQ, iShares Russell 2000 Index, EMC Corporation, 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 Rovi Corporation (ROVI) fell by 40.51% or $-7.15/share to $10.5. In the past year, the shares have traded as low as $17.20 and as high as $58.76. On average, 1172970 shares of ROVI exchange hands on a given day and today's volume is recorded at 22995204. 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 $22.26 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) traded higher by 1.51% or $0.96/share to $64.49. In the past year, the shares have traded as low as $49.45 and as high as $68.39. On average, 50345340 shares of QQQ exchange hands on a given day and today's volume is recorded at 22527588. 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 $62.89 area where the stock will likely see buying pressure.
Shares of iShares Russell 2000 Index (IWM) traded higher by 1.08% or $0.86/share to $80.59. In the past year, the shares have traded as low as $59.32 and as high as $84.25. On average, 52618790 shares of IWM exchange hands on a given day and today's volume is recorded at 21233012. 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 $77.29 area where the stock will likely see buying pressure.
Shares of EMC Corporation (EMC) traded higher by 9.95% or $2.28/share to $25.2. In the past year, the shares have traded as low as $19.84 and as high as $30.00. On average, 20045920 shares of EMC exchange hands on a given day and today's volume is recorded at 20378624. 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 $25.19 area.
Shares of Microsoft Corporation (MSFT) traded higher by 1.94% or $0.58/share to $30.24. In the past year, the shares have traded as low as $23.31 and as high as $32.74. On average, 45382520 shares of MSFT exchange hands on a given day and today's volume is recorded at 19978622. 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 $29.78 area where the stock will likely see buying pressure.
