The following stocks were detected to be trading among the most active on September 20: Vale S.A, Micron Technology Inc, Ford Motor Co, iShares Russell 2000 Index, and American International Group, 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 Vale S.A. (VALE) fell by 2.23% or $-0.43/share to $18.89. In the past year, the shares have traded as low as $15.77 and as high as $26.20. On average, 19119680 shares of VALE exchange hands on a given day and today's volume is recorded at 9157711. 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 $20.95 represents resistance and the 50-day moving average of $18.16 would be an area of support.
Shares of Micron Technology Inc. (MU) fell by 3.16% or $-0.21/share to $6.44. In the past year, the shares have traded as low as $3.97 and as high as $9.16. On average, 27429900 shares of MU exchange hands on a given day and today's volume is recorded at 8978638. 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 $6.81 represents resistance and the 50-day moving average of $6.31 would be an area of support.
Shares of Ford Motor Co. (F) fell by 1.32% or $-0.14/share to $10.45. In the past year, the shares have traded as low as $8.78 and as high as $12.91. On average, 38581880 shares of F exchange hands on a given day and today's volume is recorded at 8649867. 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 $10.86 represents resistance and the 50-day moving average of $9.48 would be an area of support.
Shares of iShares Russell 2000 Index (IWM) fell by 0.89% or $-0.76/share to $84.81. In the past year, the shares have traded as low as $59.32 and as high as $86.96. On average, 41263880 shares of IWM exchange hands on a given day and today's volume is recorded at 8075890. 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 $80.81 area where the stock will likely see buying pressure.
Shares of American International Group, Inc. (AIG) fell by 1.46% or $-0.50/share to $33.76. In the past year, the shares have traded as low as $19.18 and as high as $35.42. On average, 20146330 shares of AIG exchange hands on a given day and today's volume is recorded at 7952606. 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 $32.91 area where the stock will likely see buying pressure.
