The following stocks were detected to be trading among the most active on July 3: Mondi Limited, General Electric Company, Barclays PLC, Vanguard MSCI Emerging Markets ETF, and Arena Pharmaceuticals, 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 Mondi Limited (MODL) traded higher by 8.12% or $1.05/share to $13.98. In the past year, the shares have traded as low as $6.21 and as high as $14.20. On average, 235860 shares of MODL exchange hands on a given day and today's volume is recorded at 9322883. 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 $12.63 area where the stock will likely see buying pressure.
Shares of General Electric Company (GE) fell by 0.15% or $-0.03/share to $20.46. In the past year, the shares have traded as low as $13.64 and as high as $20.86. On average, 49017810 shares of GE exchange hands on a given day and today's volume is recorded at 8335925. 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 $19.26 area where the stock will likely see buying pressure.
Shares of Barclays PLC (BCS) fell by 2.27% or $-0.24/share to $10.52. In the past year, the shares have traded as low as $8.24 and as high as $16.56. On average, 5327790 shares of BCS exchange hands on a given day and today's volume is recorded at 8333169. 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 $12.25 area but be careful because the stock may face selling pressure at this level.
Shares of Vanguard MSCI Emerging Markets ETF (VWO) traded higher by 1.28% or $0.51/share to $40.48. In the past year, the shares have traded as low as $33.41 and as high as $48.50. On average, 22928830 shares of VWO exchange hands on a given day and today's volume is recorded at 8176256. 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 $40.42 area.
Shares of Arena Pharmaceuticals, Inc. (ARNA) traded higher by 0.7% or $0.07/share to $10.02. In the past year, the shares have traded as low as $1.23 and as high as $13.50. On average, 22649220 shares of ARNA exchange hands on a given day and today's volume is recorded at 7924157. 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 $6.39 area where the stock will likely see buying pressure.
