The following stocks were detected to be trading among the most active on April 16: Vanguard MSCI Emerging Markets ETF, Apple Inc, Renren Inc, JPMorgan Chase & 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 Vanguard MSCI Emerging Markets ETF (VWO) fell by 0.26% or $-0.11/share to $42.46. In the past year, the shares have traded as low as $33.41 and as high as $49.73. On average, 21685780 shares of VWO exchange hands on a given day and today's volume is recorded at 15888838. 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 $43.78 represents resistance and the 200-day moving average of $41.53 would be an area of support.
Shares of Apple Inc. (AAPL) fell by 1.52% or $-9.20/share to $596.01. In the past year, the shares have traded as low as $310.50 and as high as $643.99. On average, 21658760 shares of AAPL exchange hands on a given day and today's volume is recorded at 16066924. 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 $556.50 area where the stock will likely see buying pressure.
Shares of Renren Inc. (RENN) traded higher by 0.82% or $0.06/share to $7.39. In the past year, the shares have traded as low as $1.82 and as high as $24.00. On average, 10587970 shares of RENN exchange hands on a given day and today's volume is recorded at 14456849. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $5.91 area.
Shares of JPMorgan Chase & Co. (JPM) fell by 0.25% or $-0.11/share to $43.1. In the past year, the shares have traded as low as $27.47 and as high as $46.19. On average, 33663210 shares of JPM exchange hands on a given day and today's volume is recorded at 13558655. 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 $41.37 area where the stock will likely see buying pressure.
Shares of Sprint Nextel Corp. (S) fell by 2.8% or $-0.08/share to $2.61. In the past year, the shares have traded as low as $2.10 and as high as $6.46. On average, 46557530 shares of S exchange hands on a given day and today's volume is recorded at 12694867. 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 $3.04 represents resistance and the 50-day moving average of $2.60 would be an area of support.
