The following stocks were detected to be trading among the most active on April 9: PowerShares QQQ, Citigroup, Inc, iShares MSCI Emerging Markets Index, Ford Motor Co, and Sprint Nextel 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 PowerShares QQQ (QQQ) fell by 0.77% or $-0.52/share to $67.2. In the past year, the shares have traded as low as $49.56 and as high as $68.55. On average, 47479440 shares of QQQ exchange hands on a given day and today's volume is recorded at 12645337. 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 $64.53 area where the stock will likely see buying pressure.
Shares of Citigroup, Inc. (C) fell by 2.8% or $-0.97/share to $33.81. In the past year, the shares have traded as low as $21.38 and as high as $46.84. On average, 47117950 shares of C exchange hands on a given day and today's volume is recorded at 11575798. 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 $34.16 represents resistance and the 200-day moving average of $31.45 would be an area of support.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 1.36% or $-0.58/share to $42.16. In the past year, the shares have traded as low as $33.10 and as high as $49.45. On average, 52281090 shares of EEM exchange hands on a given day and today's volume is recorded at 11468914. 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 $43.43 represents resistance and the 200-day moving average of $41.27 would be an area of support.
Shares of Ford Motor Co. (F) fell by 2.33% or $-0.29/share to $12.18. In the past year, the shares have traded as low as $9.01 and as high as $16.12. On average, 50215210 shares of F exchange hands on a given day and today's volume is recorded at 11037705. 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 $12.51 represents resistance and the 200-day moving average of $11.61 would be an area of support.
Shares of Sprint Nextel Corp. (S) fell by 2.36% or $-0.07/share to $2.69. In the past year, the shares have traded as low as $2.10 and as high as $6.44. On average, 46893410 shares of S exchange hands on a given day and today's volume is recorded at 10939863. 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 $3.08 represents resistance and the 50-day moving average of $2.53 would be an area of support.
