The most popular stocks searched on Google Finance for July 3 are Linn Energy LLC, EXCO Resources Inc, Envivio Inc, and Royale Energy, Inc. These companies may be the most popular because of upcoming earnings, breaking news, extreme price movements, or other attention grabbing activities. Pay attention to these companies as they may have some hype that can create volatility which is great for trading.
Linn Energy LLC (NASDAQ: LINE): fell by 10.79% or $-2.918/share to $24.13. In the past year, the shares have traded as low as $34.27 and as high as $42.57. On average, 1785780 shares of LINE exchange hands on a given day and today's volume is recorded at 11070775. 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 $37.86 area but be careful because the stock may face selling pressure at this level.
EXCO Resources Inc (NYSE: XCO): traded higher by 3.23% or $0.24/share to $7.68. In the past year, the shares have traded as low as $5.97 and as high as $9.08. On average, 3370490 shares of XCO exchange hands on a given day and today's volume is recorded at 1121449. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $7.97 represents resistance and the 200-day moving average of $7.23 would be an area of support.
Envivio Inc (NASDAQ: ENVI): traded higher by 10.04% or $0.24/share to $2.63. In the past year, the shares have traded as low as $1.42 and as high as $9.88. On average, 63252 shares of ENVI exchange hands on a given day and today's volume is recorded at 415122. 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 $1.7637 area.
Royale Energy, Inc. (NCM: ROYL): traded higher by 1.41% or $0.04/share to $2.87. In the past year, the shares have traded as low as $1.70 and as high as $5.23. On average, 620511 shares of ROYL exchange hands on a given day and today's volume is recorded at 361751. 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 $2.74 area where the stock will likely see buying pressure.
