The following stocks were detected to be trading among the most active on December 7: Cisco Systems, Inc, Financial Select Sector SPDR, Pfizer Inc, Nokia Corporation, and SIRIUS XM Radio 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 Cisco Systems, Inc. (CSCO) traded higher by 0.43% or $0.08/share to $18.81. In the past year, the shares have traded as low as $13.24 and as high as $22.09. On average, 57827240 shares of CSCO exchange hands on a given day and today's volume is recorded at 12109067. 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 $17.62 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) fell by 1.44% or $-0.19/share to $12.99. In the past year, the shares have traded as low as $10.95 and as high as $17.03. On average, 114937080 shares of XLF exchange hands on a given day and today's volume is recorded at 10949239. 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 $14.34 represents resistance and the 50-day moving average of $12.68 would be an area of support.
Shares of Pfizer Inc. (PFE) traded higher by 0.35% or $0.07/share to $20.3. In the past year, the shares have traded as low as $15.92 and as high as $21.00. On average, 47229560 shares of PFE exchange hands on a given day and today's volume is recorded at 9914947. 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 $19.19 area.
Shares of Nokia Corporation (NOK) fell by 3.51% or $-0.19/share to $5.22. In the past year, the shares have traded as low as $4.82 and as high as $11.06. On average, 28187390 shares of NOK exchange hands on a given day and today's volume is recorded at 9438720. 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 $6.17 area but be careful because the stock may face selling pressure at this level.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 0.56% or $-0.01/share to $1.78. In the past year, the shares have traded as low as $1.27 and as high as $2.44. On average, 69044040 shares of SIRI exchange hands on a given day and today's volume is recorded at 9181954. 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 $1.88 represents resistance and the 50-day moving average of $1.71 would be an area of support.
