The following stocks were detected to be trading among the most active on July 4: iShares MSCI Emerging Markets Index, iShares Russell 2000 Index, Financial Select Sector SPDR, Sprint Nextel Corp, and JPMorgan Chase & Co. 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 iShares MSCI Emerging Markets Index (EEM) traded higher by 1.99% or $0.78/share to $39.91. In the past year, the shares have traded as low as $32.71 and as high as $47.60. On average, 53885540 shares of EEM exchange hands on a given day and today's volume is recorded at 36099684. 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 $39.62 area.
Shares of iShares Russell 2000 Index (IWM) traded higher by 1.3% or $1.05/share to $81.53. In the past year, the shares have traded as low as $59.32 and as high as $84.55. On average, 54841810 shares of IWM exchange hands on a given day and today's volume is recorded at 32322496. 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 $77.41 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) traded higher by 0.54% or $0.08/share to $14.81. In the past year, the shares have traded as low as $10.79 and as high as $15.93. On average, 81282880 shares of XLF exchange hands on a given day and today's volume is recorded at 32280134. 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 $14.40 area where the stock will likely see buying pressure.
Shares of Sprint Nextel Corp. (S) traded higher by 2.06% or $0.07/share to $3.47. In the past year, the shares have traded as low as $2.10 and as high as $5.75. On average, 52318300 shares of S exchange hands on a given day and today's volume is recorded at 27021824. 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 $2.72 area where the stock will likely see buying pressure.
Shares of JPMorgan Chase & Co. (JPM) fell by 1.1% or $-0.40/share to $35.88. In the past year, the shares have traded as low as $27.47 and as high as $46.18. On average, 47056650 shares of JPM exchange hands on a given day and today's volume is recorded at 26705916. 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 $36.13 area where the stock may encounter resistance.
