The following stocks were detected to be trading among the most active on August 6: American International Group, Inc, Financial Select Sector SPDR, Citigroup, Inc, General Electric Company, and iShares Russell 2000 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 American International Group, Inc. (AIG) traded higher by 2.78% or $0.87/share to $32.21. In the past year, the shares have traded as low as $19.18 and as high as $35.05. On average, 15060300 shares of AIG exchange hands on a given day and today's volume is recorded at 30259460. 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 $30.72 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) traded higher by 0.74% or $0.11/share to $14.93. In the past year, the shares have traded as low as $10.79 and as high as $15.93. On average, 73902220 shares of XLF exchange hands on a given day and today's volume is recorded at 23660878. 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 $14.29 area where the stock will likely see buying pressure.
Shares of Citigroup, Inc. (C) traded higher by 3.72% or $1.02/share to $28.42. In the past year, the shares have traded as low as $21.37 and as high as $38.37. On average, 40932000 shares of C exchange hands on a given day and today's volume is recorded at 23338764. 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 $29.96 represents resistance and the 50-day moving average of $26.79 would be an area of support.
Shares of General Electric Company (GE) traded higher by 0.69% or $0.14/share to $21.1. In the past year, the shares have traded as low as $13.64 and as high as $21.00. On average, 51411450 shares of GE exchange hands on a given day and today's volume is recorded at 18416550. 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 $19.72 area where the stock will likely see buying pressure.
Shares of iShares Russell 2000 Index (IWM) traded higher by 1.16% or $0.91/share to $79.52. In the past year, the shares have traded as low as $59.32 and as high as $84.25. On average, 51875940 shares of IWM exchange hands on a given day and today's volume is recorded at 17939560. 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 $77.59 area where the stock will likely see buying pressure.
