The following stocks were detected to be trading among the most active on August 6: Facebook, Inc, Nokia Corporation, Cisco Systems, Inc, Chesapeake Energy Corporation, and iShares MSCI Emerging Markets Index. 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 Facebook, Inc. (FB) traded higher by 2.16% or $0.46/share to $21.55. In the past year, the shares have traded as low as $19.82 and as high as $45.01. On average, 48508580 shares of FB exchange hands on a given day and today's volume is recorded at 17861404. 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 $28.81 area but be careful because the stock may face selling pressure at this level.
Shares of Nokia Corporation (NOK) traded higher by 3.38% or $0.08/share to $2.45. In the past year, the shares have traded as low as $1.63 and as high as $6.83. On average, 43372250 shares of NOK exchange hands on a given day and today's volume is recorded at 17466274. 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 $4.12 represents resistance and the 50-day moving average of $2.29 would be an area of support.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 2.39% or $0.39/share to $16.74. In the past year, the shares have traded as low as $13.09 and as high as $21.12. On average, 45022760 shares of CSCO exchange hands on a given day and today's volume is recorded at 15223603. 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 $18.30 represents resistance and the 50-day moving average of $16.43 would be an area of support.
Shares of Chesapeake Energy Corporation (CHK) fell by 0.28% or $-0.05/share to $17.84. In the past year, the shares have traded as low as $13.26 and as high as $33.33. On average, 29730280 shares of CHK exchange hands on a given day and today's volume is recorded at 14418866. 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 $17.93 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 0.83% or $0.33/share to $40.26. In the past year, the shares have traded as low as $32.71 and as high as $44.38. On average, 52085730 shares of EEM exchange hands on a given day and today's volume is recorded at 14284952. 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 $39.87 area.
