The following stocks were detected to be trading among the most active on September 20: iShares MSCI Emerging Markets Index, Questcor Pharmaceuticals, Inc, Citigroup, Inc, Rite Aid Corp, and General Electric Company. 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 iShares MSCI Emerging Markets Index (EEM) fell by 1.36% or $-0.57/share to $41.36. In the past year, the shares have traded as low as $32.71 and as high as $44.38. On average, 42253320 shares of EEM exchange hands on a given day and today's volume is recorded at 12942439. 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 $40.12 area.
Shares of Questcor Pharmaceuticals, Inc. (QCOR) traded higher by 13.36% or $3.52/share to $29.87. In the past year, the shares have traded as low as $22.26 and as high as $58.92. On average, 3446770 shares of QCOR exchange hands on a given day and today's volume is recorded at 11107443. 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 $41.53 area where the stock may encounter resistance.
Shares of Citigroup, Inc. (C) fell by 2.28% or $-0.78/share to $33.4. In the past year, the shares have traded as low as $21.37 and as high as $38.37. On average, 35157260 shares of C exchange hands on a given day and today's volume is recorded at 10057244. 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 $30.27 area.
Shares of Rite Aid Corp. (RAD) fell by 3.82% or $-0.05/share to $1.26. In the past year, the shares have traded as low as $0.85 and as high as $2.12. On average, 5594830 shares of RAD exchange hands on a given day and today's volume is recorded at 9844699. 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 $1.39 represents resistance and the 50-day moving average of $1.23 would be an area of support.
Shares of General Electric Company (GE) fell by 1.03% or $-0.23/share to $22.2. In the past year, the shares have traded as low as $13.64 and as high as $22.49. On average, 44238840 shares of GE exchange hands on a given day and today's volume is recorded at 9299185. 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 $20.82 area where the stock will likely see buying pressure.
