The following stocks were detected to be trading among the most active on July 2: Micron Technology Inc, Sprint Nextel Corp, iShares MSCI Emerging Markets Index, General Electric Company, and SIRIUS XM Radio 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 Micron Technology Inc. (MU) traded higher by 4.91% or $0.31/share to $6.62. In the past year, the shares have traded as low as $3.97 and as high as $9.16. On average, 31458230 shares of MU exchange hands on a given day and today's volume is recorded at 22669262. 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 $6.65 represents resistance and the 50-day moving average of $6.06 would be an area of support.
Shares of Sprint Nextel Corp. (S) traded higher by 4.14% or $0.13/share to $3.39. In the past year, the shares have traded as low as $2.10 and as high as $5.74. On average, 51073060 shares of S exchange hands on a given day and today's volume is recorded at 22237084. 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 $2.67 area where the stock will likely see buying pressure.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 0.69% or $-0.27/share to $38.86. In the past year, the shares have traded as low as $32.71 and as high as $47.60. On average, 54426880 shares of EEM exchange hands on a given day and today's volume is recorded at 20666034. 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 $39.62 represents resistance and the 50-day moving average of $38.72 would be an area of support.
Shares of General Electric Company (GE) fell by 2.06% or $-0.43/share to $20.41. In the past year, the shares have traded as low as $13.64 and as high as $20.84. On average, 48545470 shares of GE exchange hands on a given day and today's volume is recorded at 20349324. 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 $19.20 area where the stock will likely see buying pressure.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 3.51% or $0.06/share to $1.91. In the past year, the shares have traded as low as $1.27 and as high as $2.40. On average, 54359490 shares of SIRI exchange hands on a given day and today's volume is recorded at 20050292. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $1.96 area where the stock may encounter resistance.
