The following stocks were detected to be trading among the most active on November 7: Intel Corporation, Sprint Nextel Corp, Ford Motor Co, Citigroup, Inc, and Boston Scientific 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 Intel Corporation (INTC) fell by 0.13% or $-0.03/share to $23.71. In the past year, the shares have traded as low as $18.85 and as high as $24.98. On average, 67401120 shares of INTC exchange hands on a given day and today's volume is recorded at 14165550. 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 $22.06 area where the stock will likely see buying pressure.
Shares of Sprint Nextel Corp. (S) fell by 2.09% or $-0.06/share to $2.81. In the past year, the shares have traded as low as $2.10 and as high as $6.45. On average, 75937750 shares of S exchange hands on a given day and today's volume is recorded at 13336286. 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 $3.02 area but be careful because the stock may face selling pressure at this level.
Shares of Ford Motor Co. (F) fell by 1.29% or $-0.15/share to $11.13. In the past year, the shares have traded as low as $9.05 and as high as $18.98. On average, 72963660 shares of F exchange hands on a given day and today's volume is recorded at 12513353. 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 $13.35 represents resistance and the 50-day moving average of $10.85 would be an area of support.
Shares of Citigroup, Inc. (C) fell by 0.23% or $-0.07/share to $30.27. In the past year, the shares have traded as low as $21.39 and as high as $51.46. On average, 60740010 shares of C exchange hands on a given day and today's volume is recorded at 11701184. 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 $38.44 represents resistance and the 50-day moving average of $28.33 would be an area of support.
Shares of Boston Scientific Corporation (BSX) fell by 1.91% or $-0.11/share to $5.66. In the past year, the shares have traded as low as $5.30 and as high as $7.96. On average, 20699920 shares of BSX exchange hands on a given day and today's volume is recorded at 11360089. 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 $5.95 area but be careful because the stock may face selling pressure at this level.
