The following stocks were detected to be trading among the most active on July 16: Wells Fargo & Company, PowerShares QQQ, General Electric Company, Research In Motion Limited, 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 Wells Fargo & Company (WFC) traded higher by 0.32% or $0.11/share to $34.02. In the past year, the shares have traded as low as $22.24 and as high as $34.37. On average, 27581130 shares of WFC exchange hands on a given day and today's volume is recorded at 20731584. 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 $32.29 area where the stock will likely see buying pressure.
Shares of PowerShares QQQ (QQQ) fell by 0.08% or $-0.05/share to $63.33. In the past year, the shares have traded as low as $49.45 and as high as $68.39. On average, 50930350 shares of QQQ exchange hands on a given day and today's volume is recorded at 20665318. 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 $62.97 area where the stock will likely see buying pressure.
Shares of General Electric Company (GE) fell by 1.14% or $-0.23/share to $19.55. In the past year, the shares have traded as low as $13.65 and as high as $20.84. On average, 48786530 shares of GE exchange hands on a given day and today's volume is recorded at 19732676. 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 $19.31 area where the stock will likely see buying pressure.
Shares of Research In Motion Limited (RIMM) fell by 2.9% or $-0.21/share to $7.04. In the past year, the shares have traded as low as $7.07 and as high as $33.54. On average, 20252900 shares of RIMM exchange hands on a given day and today's volume is recorded at 19381358. 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 $10.10 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Russell 2000 Index (IWM) fell by 0.16% or $-0.13/share to $79.64. In the past year, the shares have traded as low as $59.32 and as high as $84.25. On average, 52881430 shares of IWM exchange hands on a given day and today's volume is recorded at 18845164. 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 $77.28 area where the stock will likely see buying pressure.
