The following stocks were detected to be trading among the most active on July 12: General Electric Company, Merck & Co. Inc, iShares MSCI Emerging Markets Index, Pfizer Inc, 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 General Electric Company (GE) fell by 1.22% or $-0.24/share to $19.44. In the past year, the shares have traded as low as $13.64 and as high as $20.84. On average, 48439140 shares of GE exchange hands on a given day and today's volume is recorded at 50000824. 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 Merck & Co. Inc. (MRK) traded higher by 4.13% or $1.70/share to $42.91. In the past year, the shares have traded as low as $28.15 and as high as $42.26. On average, 14597180 shares of MRK exchange hands on a given day and today's volume is recorded at 45909704. 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 $38.75 area where the stock will likely see buying pressure.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 1.67% or $-0.64/share to $37.76. In the past year, the shares have traded as low as $32.71 and as high as $46.97. On average, 52650710 shares of EEM exchange hands on a given day and today's volume is recorded at 44929916. 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 $38.36 area but be careful because the stock may face selling pressure at this level.
Shares of Pfizer Inc. (PFE) traded higher by 1.48% or $0.33/share to $22.67. In the past year, the shares have traded as low as $16.14 and as high as $23.09. On average, 34500690 shares of PFE exchange hands on a given day and today's volume is recorded at 43205288. 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 $22.39 area where the stock will likely see buying pressure.
Shares of JPMorgan Chase & Co. (JPM) fell by 1.59% or $-0.55/share to $34.04. In the past year, the shares have traded as low as $27.24 and as high as $45.80. On average, 47422930 shares of JPM exchange hands on a given day and today's volume is recorded at 39137432. 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 $35.37 area but be careful because the stock may face selling pressure at this level.
