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Thursday, July 19, 2012

Substantial Trading Activity: (MS), (QQQ), (S), (SIRI), (EBAY)

The following stocks were detected to be trading among the most active on July 19: Morgan Stanley, PowerShares QQQ, Sprint Nextel Corp, SIRIUS XM Radio Inc, and eBay 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 Morgan Stanley (MS) fell by 5.29% or $-0.74/share to $13.25. In the past year, the shares have traded as low as $11.48 and as high as $24.20. On average, 28655810 shares of MS exchange hands on a given day and today's volume is recorded at 32517488. 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 $13.91 area but be careful because the stock may face selling pressure at this level.

Shares of PowerShares QQQ (QQQ) traded higher by 1.32% or $0.85/share to $65.24. In the past year, the shares have traded as low as $49.45 and as high as $68.39. On average, 50316180 shares of QQQ exchange hands on a given day and today's volume is recorded at 27448286. 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 $62.88 area where the stock will likely see buying pressure.

Shares of Sprint Nextel Corp. (S) traded higher by 1.44% or $0.05/share to $3.71. In the past year, the shares have traded as low as $2.10 and as high as $5.29. On average, 52267680 shares of S exchange hands on a given day and today's volume is recorded at 26675790. 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 $2.90 area where the stock will likely see buying pressure.

Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 1.42% or $0.03/share to $2.14. In the past year, the shares have traded as low as $1.27 and as high as $2.41. On average, 49763410 shares of SIRI exchange hands on a given day and today's volume is recorded at 26089508. 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 $1.99 area.

Shares of eBay Inc. (EBAY) traded higher by 9.22% or $3.73/share to $44.19. In the past year, the shares have traded as low as $26.86 and as high as $43.94. On average, 13653270 shares of EBAY exchange hands on a given day and today's volume is recorded at 25806000. 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 $40.52 area where the stock will likely see buying pressure.