The following stocks were detected to be trading among the most active on March 22: Alcatel-Lucent, S.A, Sprint Nextel Corp, Cisco Systems, Inc, Direxion Daily Small Cap Bear 3X Shares, and Hewlett-Packard Company. 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 Alcatel-Lucent, S.A. (ALU) fell by 1.94% or $-0.05/share to $2.28. In the past year, the shares have traded as low as $1.39 and as high as $6.65. On average, 21375590 shares of ALU exchange hands on a given day and today's volume is recorded at 15361832. 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 $2.99 represents resistance and the 50-day moving average of $2.17 would be an area of support.
Shares of Sprint Nextel Corp. (S) fell by 0.72% or $-0.02/share to $2.76. In the past year, the shares have traded as low as $2.10 and as high as $6.45. On average, 44584650 shares of S exchange hands on a given day and today's volume is recorded at 15150487. 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 $3.23 represents resistance and the 50-day moving average of $2.41 would be an area of support.
Shares of Cisco Systems, Inc. (CSCO) fell by 0.54% or $-0.11/share to $20.39. In the past year, the shares have traded as low as $13.21 and as high as $20.65. On average, 41616780 shares of CSCO exchange hands on a given day and today's volume is recorded at 13405025. 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 $19.88 area where the stock will likely see buying pressure.
Shares of Direxion Daily Small Cap Bear 3X Shares (TZA) traded higher by 4.03% or $0.72/share to $18.62. In the past year, the shares have traded as low as $16.98 and as high as $68.31. On average, 22740580 shares of TZA exchange hands on a given day and today's volume is recorded at 13379405. 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 $19.91 area but be careful because the stock may face selling pressure at this level.
Shares of Hewlett-Packard Company (HPQ) fell by 1.73% or $-0.41/share to $23.05. In the past year, the shares have traded as low as $21.30 and as high as $42.50. On average, 17842740 shares of HPQ exchange hands on a given day and today's volume is recorded at 12627858. 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 $26.82 area but be careful because the stock may face selling pressure at this level.
