The following stocks were detected to be trading among the most active on October 3: Micron Technology Inc, Direxion Daily Financial Bull 3X Shares, ProShares UltraShort S&P500, Ford Motor Co, and Microsoft Corporation. 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 Micron Technology Inc. (MU) fell by 14.14% or $-0.83/share to $5.04. In the past year, the shares have traded as low as $5.18 and as high as $11.95. On average, 39972460 shares of MU exchange hands on a given day and today's volume is recorded at 63504100. 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 $6.44 area but be careful because the stock may face selling pressure at this level.
Shares of Direxion Daily Financial Bull 3X Shares (FAS) fell by 9.46% or $-1.11/share to $10.62. In the past year, the shares have traded as low as $8.72 and as high as $34.29. On average, 50261390 shares of FAS exchange hands on a given day and today's volume is recorded at 61646300. 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 $15.40 area but be careful because the stock may face selling pressure at this level.
Shares of ProShares UltraShort S&P500 (SDS) traded higher by 4.94% or $1.20/share to $25.49. In the past year, the shares have traded as low as $19.48 and as high as $30.07. On average, 46547550 shares of SDS exchange hands on a given day and today's volume is recorded at 58648100. 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 $23.69 area where the stock will likely see buying pressure.
Shares of Ford Motor Co. (F) fell by 3.3% or $-0.33/share to $9.67. In the past year, the shares have traded as low as $9.32 and as high as $18.97. On average, 69774720 shares of F exchange hands on a given day and today's volume is recorded at 56697200. 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 $10.87 area but be careful because the stock may face selling pressure at this level.
Shares of Microsoft Corporation (MSFT) fell by 2.2% or $-0.56/share to $24.89. In the past year, the shares have traded as low as $23.19 and as high as $28.91. On average, 66540270 shares of MSFT exchange hands on a given day and today's volume is recorded at 54060500. 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 $25.89 area but be careful because the stock may face selling pressure at this level.
