Best stock to Buy July 20 2011, PowerShares , Apple Inc, iShares Russell 2000 Index, : The following stocks were detected to be trading among the most active on July 20 PowerShares QQQ, Apple Inc, iShares Russell 2000 Index, E*TRADE Financial Corporation, and Riverbed Technology, 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 PowerShares QQQ (QQQ) fell by 0.03% or $-0.02/share to $58.83. In the past year, the shares have traded as low as $42.63 and as high as $59.36. On average, 53778510 shares of QQQ exchange hands on a given day and today's volume is recorded at 19097046. 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 $56.77 area where the stock will likely see buying pressure.
Shares of Apple Inc. (AAPL) traded higher by 3.14% or $11.83/share to $388.67. In the past year, the shares have traded as low as $235.56 and as high as $378.64. On average, 14783050 shares of AAPL exchange hands on a given day and today's volume is recorded at 18259006. 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 $340.49 area where the stock will likely see buying pressure.
Shares of iShares Russell 2000 Index (IWM) fell by 0.38% or $-0.32/share to $83.0. In the past year, the shares have traded as low as $58.09 and as high as $86.55. On average, 62748620 shares of IWM exchange hands on a given day and today's volume is recorded at 17599536. 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 $81.69 area where the stock will likely see buying pressure.
Shares of E*TRADE Financial Corporation (ETFC) traded higher by 15.37% or $1.99/share to $14.94. In the past year, the shares have traded as low as $12.24 and as high as $18.13. On average, 4579540 shares of ETFC exchange hands on a given day and today's volume is recorded at 15905939. 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 $15.41 represents resistance and the 50-day moving average of $14.40 would be an area of support.
Shares of Riverbed Technology, Inc. (RVBD) fell by 22.27% or $-9.22/share to $32.18. In the past year, the shares have traded as low as $14.95 and as high as $44.70. On average, 4411870 shares of RVBD exchange hands on a given day and today's volume is recorded at 16016042. 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 $35.07 area where the stock may encounter resistance. ( Source http://www.takeoverchatter.com/ )
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