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Wednesday, September 21, 2011

Substantial Trading Activity: (IWM), (CSCO), (C), (F), (NOK)

The following stocks were detected to be trading among the most active on September 21: iShares Russell 2000 Index, Cisco Systems, Inc, Citigroup, Inc, Ford Motor Co, and Nokia 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 iShares Russell 2000 Index (IWM) fell by 0.36% or $-0.25/share to $68.9. In the past year, the shares have traded as low as $63.76 and as high as $86.55. On average, 81733260 shares of IWM exchange hands on a given day and today's volume is recorded at 12172414. 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 $73.53 area but be careful because the stock may face selling pressure at this level.

Shares of Cisco Systems, Inc. (CSCO) fell by 0.91% or $-0.15/share to $16.38. In the past year, the shares have traded as low as $13.30 and as high as $24.42. On average, 72272750 shares of CSCO exchange hands on a given day and today's volume is recorded at 11994898. 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 $17.40 represents resistance and the 50-day moving average of $15.67 would be an area of support.

Shares of Citigroup, Inc. (C) traded higher by 1.62% or $0.44/share to $27.36. In the past year, the shares have traded as low as $25.39 and as high as $51.46. On average, 46547940 shares of C exchange hands on a given day and today's volume is recorded at 11789115. 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 $32.37 area but be careful because the stock may face selling pressure at this level.

Shares of Ford Motor Co. (F) fell by 1.06% or $-0.11/share to $10.31. In the past year, the shares have traded as low as $9.81 and as high as $18.97. On average, 69277380 shares of F exchange hands on a given day and today's volume is recorded at 11315064. 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 $11.31 area but be careful because the stock may face selling pressure at this level.

Shares of Nokia Corporation (NOK) fell by 3.06% or $-0.18/share to $5.71. In the past year, the shares have traded as low as $4.82 and as high as $11.06. On average, 33409040 shares of NOK exchange hands on a given day and today's volume is recorded at 11106941. 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 $5.81 area but be careful because the stock may face selling pressure at this level.