The following stocks were detected to be trading among the most active on April 26: LSI Corporation, PowerShares QQQ, Financial Select Sector SPDR, TriQuint Semiconductor, Inc, and iShares Russell 2000 Index. 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 LSI Corporation (LSI) fell by 2.43% or $-0.20/share to $8.23. In the past year, the shares have traded as low as $4.75 and as high as $9.21. On average, 12126190 shares of LSI exchange hands on a given day and today's volume is recorded at 16092917. 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 $8.46 represents resistance and the 200-day moving average of $6.90 would be an area of support.
Shares of PowerShares QQQ (QQQ) traded higher by 0.09% or $0.06/share to $66.51. In the past year, the shares have traded as low as $49.56 and as high as $68.55. On average, 50742970 shares of QQQ exchange hands on a given day and today's volume is recorded at 15605920. 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 $65.73 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) traded higher by 0.46% or $0.07/share to $15.45. In the past year, the shares have traded as low as $10.85 and as high as $16.18. On average, 78268910 shares of XLF exchange hands on a given day and today's volume is recorded at 12221085. 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 $15.20 area where the stock will likely see buying pressure.
Shares of TriQuint Semiconductor, Inc. (TQNT) fell by 4.17% or $-0.23/share to $5.29. In the past year, the shares have traded as low as $3.97 and as high as $14.13. On average, 5591240 shares of TQNT exchange hands on a given day and today's volume is recorded at 11666102. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $6.22 area where the stock may encounter resistance.
Shares of iShares Russell 2000 Index (IWM) traded higher by 0.47% or $0.38/share to $81.32. In the past year, the shares have traded as low as $59.62 and as high as $85.54. On average, 52245810 shares of IWM exchange hands on a given day and today's volume is recorded at 11621623. 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 $81.47 represents resistance and the 200-day moving average of $74.97 would be an area of support.
