The following stocks were detected to be trading among the most active on July 18: Financial Select Sector SPDR, New Oriental Education & Technology Group, iShares MSCI Emerging Markets Index, VIVUS Inc, and Sprint Nextel Corp. 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 Financial Select Sector SPDR (XLF) fell by 0.03% or $-0.00/share to $14.76. In the past year, the shares have traded as low as $10.79 and as high as $15.93. On average, 75903740 shares of XLF exchange hands on a given day and today's volume is recorded at 30420832. 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 $14.26 area where the stock will likely see buying pressure.
Shares of New Oriental Education & Technology Group (EDU) fell by 18.95% or $-2.77/share to $11.85. In the past year, the shares have traded as low as $13.88 and as high as $34.77. On average, 1553440 shares of EDU exchange hands on a given day and today's volume is recorded at 29714670. 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 $25.88 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 0.23% or $-0.09/share to $38.82. In the past year, the shares have traded as low as $32.71 and as high as $46.96. On average, 51154020 shares of EEM exchange hands on a given day and today's volume is recorded at 28594564. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $39.72 represents resistance and the 50-day moving average of $38.10 would be an area of support.
Shares of VIVUS Inc. (VVUS) traded higher by 13.76% or $3.64/share to $30.1. In the past year, the shares have traded as low as $6.13 and as high as $29.99. On average, 3554290 shares of VVUS exchange hands on a given day and today's volume is recorded at 27454686. 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 $25.60 area where the stock will likely see buying pressure.
Shares of Sprint Nextel Corp. (S) traded higher by 0.55% or $0.02/share to $3.67. In the past year, the shares have traded as low as $2.10 and as high as $5.35. On average, 52569500 shares of S exchange hands on a given day and today's volume is recorded at 23421524. 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 $2.87 area where the stock will likely see buying pressure.
