The following stocks were detected to be trading among the most active on February 29: Nokia Corporation, Micron Technology Inc, Citigroup, Inc, Staples, Inc, and Apple 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 Nokia Corporation (NOK) fell by 1.68% or $-0.09/share to $5.28. In the past year, the shares have traded as low as $4.46 and as high as $8.87. On average, 30927200 shares of NOK exchange hands on a given day and today's volume is recorded at 17934498. 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 $5.92 represents resistance and the 50-day moving average of $5.19 would be an area of support.
Shares of Micron Technology Inc. (MU) fell by 0.79% or $-0.07/share to $8.81. In the past year, the shares have traded as low as $3.97 and as high as $11.89. On average, 29487800 shares of MU exchange hands on a given day and today's volume is recorded at 17923430. 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 $7.37 area where the stock will likely see buying pressure.
Shares of Citigroup, Inc. (C) traded higher by 0.33% or $0.11/share to $33.59. In the past year, the shares have traded as low as $21.38 and as high as $46.95. On average, 50551610 shares of C exchange hands on a given day and today's volume is recorded at 16214171. 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 $31.98 area.
Shares of Staples, Inc. (SPLS) fell by 6.88% or $-1.10/share to $14.9. In the past year, the shares have traded as low as $11.77 and as high as $21.07. On average, 7871430 shares of SPLS exchange hands on a given day and today's volume is recorded at 15696361. 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 $14.89 area where the stock will likely see buying pressure.
Shares of Apple Inc. (AAPL) traded higher by 1.09% or $5.84/share to $541.26. In the past year, the shares have traded as low as $310.50 and as high as $535.42. On average, 14015580 shares of AAPL exchange hands on a given day and today's volume is recorded at 15326396. 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 $446.73 area where the stock will likely see buying pressure.
