The following stocks were detected to be trading among the most active on August 22: GenOn Energy, Inc, PowerShares QQQ, Intel Corporation, Microsoft Corporation, and Financial Select Sector SPDR. 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 GenOn Energy, Inc. (GEN) fell by 1.74% or $-0.05/share to $2.55. In the past year, the shares have traded as low as $1.24 and as high as $3.30. On average, 13480340 shares of GEN exchange hands on a given day and today's volume is recorded at 19860864. 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 $2.21 area.
Shares of PowerShares QQQ (QQQ) fell by 0.26% or $-0.18/share to $67.97. In the past year, the shares have traded as low as $49.58 and as high as $68.88. On average, 41444550 shares of QQQ exchange hands on a given day and today's volume is recorded at 19264954. 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 $64.51 area where the stock will likely see buying pressure.
Shares of Intel Corporation (INTC) fell by 1.55% or $-0.40/share to $25.7. In the past year, the shares have traded as low as $18.54 and as high as $29.01. On average, 35105170 shares of INTC exchange hands on a given day and today's volume is recorded at 19184872. 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 $25.82 area where the stock may encounter resistance.
Shares of Microsoft Corporation (MSFT) fell by 0.91% or $-0.28/share to $30.52. In the past year, the shares have traded as low as $23.15 and as high as $32.52. On average, 40147280 shares of MSFT exchange hands on a given day and today's volume is recorded at 17081176. 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 $29.81 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) fell by 0.66% or $-0.10/share to $15.12. In the past year, the shares have traded as low as $10.79 and as high as $15.93. On average, 60932460 shares of XLF exchange hands on a given day and today's volume is recorded at 16737520. 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 $14.58 area where the stock will likely see buying pressure.
