The following stocks were detected to be trading among the most active on July 4: Amylin Pharmaceuticals, Inc, General Electric Company, Microsoft Corporation, Vanguard MSCI Emerging Markets ETF, and Alcoa, 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 Amylin Pharmaceuticals, Inc. (AMLN) traded higher by 0.07% or $0.02/share to $30.73. In the past year, the shares have traded as low as $8.03 and as high as $30.76. On average, 6352670 shares of AMLN exchange hands on a given day and today's volume is recorded at 25156210. 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 $26.93 area where the stock will likely see buying pressure.
Shares of General Electric Company (GE) fell by 0.29% or $-0.06/share to $20.43. 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 21247272. 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 Microsoft Corporation (MSFT) traded higher by 0.65% or $0.20/share to $30.76. In the past year, the shares have traded as low as $23.30 and as high as $32.74. On average, 46047510 shares of MSFT exchange hands on a given day and today's volume is recorded at 20940948. 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 $30.13 area where the stock will likely see buying pressure.
Shares of Vanguard MSCI Emerging Markets ETF (VWO) traded higher by 1.83% or $0.73/share to $40.7. 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 18410644. 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 $40.41 area.
Shares of Alcoa, Inc. (AA) traded higher by 3.13% or $0.27/share to $8.9. In the past year, the shares have traded as low as $8.21 and as high as $16.42. On average, 23302460 shares of AA exchange hands on a given day and today's volume is recorded at 17535186. 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 $9.64 represents resistance and the 50-day moving average of $8.84 would be an area of support.
