The following stocks were detected to be trading among the most active on March 26: Sprint Nextel Corp, iShares Russell 2000 Index, General Electric Company, Nokia Corporation, and Lions Gate Entertainment Corp. 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 Sprint Nextel Corp. (S) traded higher by 2.92% or $0.08/share to $2.82. In the past year, the shares have traded as low as $2.10 and as high as $6.45. On average, 44824720 shares of S exchange hands on a given day and today's volume is recorded at 19217500. 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 $3.20 represents resistance and the 50-day moving average of $2.43 would be an area of support.
Shares of iShares Russell 2000 Index (IWM) traded higher by 1.9% or $1.57/share to $84.25. In the past year, the shares have traded as low as $59.62 and as high as $85.54. On average, 48495680 shares of IWM exchange hands on a given day and today's volume is recorded at 17557376. 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 $80.75 area where the stock will likely see buying pressure.
Shares of General Electric Company (GE) traded higher by 1.11% or $0.22/share to $20.0. In the past year, the shares have traded as low as $13.77 and as high as $20.36. On average, 48175340 shares of GE exchange hands on a given day and today's volume is recorded at 14772802. 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 $19.09 area where the stock will likely see buying pressure.
Shares of Nokia Corporation (NOK) traded higher by 1.08% or $0.06/share to $5.35. In the past year, the shares have traded as low as $4.46 and as high as $8.88. On average, 31625510 shares of NOK exchange hands on a given day and today's volume is recorded at 14466412. 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 $5.70 represents resistance and the 50-day moving average of $5.27 would be an area of support.
Shares of Lions Gate Entertainment Corp. (LGF) traded higher by 3.58% or $0.52/share to $15.05. In the past year, the shares have traded as low as $5.76 and as high as $16.19. On average, 2187560 shares of LGF exchange hands on a given day and today's volume is recorded at 13265332. 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 $12.02 area where the stock will likely see buying pressure.
