The following stocks were detected to be trading among the most active on April 11: Sprint Nextel Corp, Microsoft Corporation, Ford Motor Co, Citigroup, Inc, and EMC 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 Sprint Nextel Corp. (S) traded higher by 3.57% or $0.10/share to $2.76. In the past year, the shares have traded as low as $2.10 and as high as $6.46. On average, 46942680 shares of S exchange hands on a given day and today's volume is recorded at 11198032. 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 $3.07 represents resistance and the 50-day moving average of $2.56 would be an area of support.
Shares of Microsoft Corporation (MSFT) traded higher by 0.06% or $0.02/share to $30.49. In the past year, the shares have traded as low as $23.18 and as high as $32.95. On average, 50397890 shares of MSFT exchange hands on a given day and today's volume is recorded at 11305462. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $31.41 represents resistance and the 200-day moving average of $27.35 would be an area of support.
Shares of Ford Motor Co. (F) traded higher by 1.78% or $0.21/share to $12.0. In the past year, the shares have traded as low as $9.01 and as high as $16.12. On average, 49159070 shares of F exchange hands on a given day and today's volume is recorded at 11077181. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $12.49 represents resistance and the 200-day moving average of $11.60 would be an area of support.
Shares of Citigroup, Inc. (C) traded higher by 2.8% or $0.92/share to $33.78. In the past year, the shares have traded as low as $21.38 and as high as $45.95. On average, 47262910 shares of C exchange hands on a given day and today's volume is recorded at 10686914. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $34.28 represents resistance and the 200-day moving average of $31.39 would be an area of support.
Shares of EMC Corporation (EMC) traded higher by 0.67% or $0.19/share to $28.44. In the past year, the shares have traded as low as $19.84 and as high as $30.00. On average, 20570350 shares of EMC exchange hands on a given day and today's volume is recorded at 9340348. 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 $27.99 area where the stock will likely see buying pressure.
