The following stocks were detected to be trading among the most active on July 12: PowerShares QQQ, iShares Russell 2000 Index, Ford Motor Co, Financial Select Sector SPDR, and Intel Corporation. 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 PowerShares QQQ (QQQ) fell by 0.94% or $-0.59/share to $62.43. In the past year, the shares have traded as low as $49.45 and as high as $68.39. On average, 51291850 shares of QQQ exchange hands on a given day and today's volume is recorded at 55636280. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $63.12 represents resistance and the 200-day moving average of $60.77 would be an area of support.
Shares of iShares Russell 2000 Index (IWM) fell by 0.34% or $-0.27/share to $78.79. In the past year, the shares have traded as low as $59.32 and as high as $84.25. On average, 53139930 shares of IWM exchange hands on a given day and today's volume is recorded at 55485840. 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 $77.36 area where the stock will likely see buying pressure.
Shares of Ford Motor Co. (F) fell by 2.14% or $-0.20/share to $9.13. In the past year, the shares have traded as low as $8.98 and as high as $13.33. On average, 44514400 shares of F exchange hands on a given day and today's volume is recorded at 55066024. 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 $10.28 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) fell by 1.04% or $-0.15/share to $14.31. In the past year, the shares have traded as low as $10.79 and as high as $15.93. On average, 77603640 shares of XLF exchange hands on a given day and today's volume is recorded at 54311440. 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 $14.31 area where the stock will likely see buying pressure.
Shares of Intel Corporation (INTC) fell by 2.56% or $-0.65/share to $24.74. In the past year, the shares have traded as low as $18.70 and as high as $29.27. On average, 38169160 shares of INTC exchange hands on a given day and today's volume is recorded at 53120192. 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 $25.56 area where the stock may encounter resistance.
