The following stocks were detected to be trading among the most active on April 18: Financial Select Sector SPDR, Sprint Nextel Corp, Seagate Technology PLC, Halliburton Company, and Huntington Bancshares Incorporated. 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 Financial Select Sector SPDR (XLF) fell by 0.13% or $-0.02/share to $15.44. In the past year, the shares have traded as low as $10.85 and as high as $16.18. On average, 79870710 shares of XLF exchange hands on a given day and today's volume is recorded at 12636478. 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 $15.13 area where the stock will likely see buying pressure.
Shares of Sprint Nextel Corp. (S) fell by 2.68% or $-0.07/share to $2.54. In the past year, the shares have traded as low as $2.10 and as high as $6.45. On average, 46906110 shares of S exchange hands on a given day and today's volume is recorded at 12551644. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $2.60 area but be careful because the stock may face selling pressure at this level.
Shares of Seagate Technology PLC (STX) traded higher by 4.77% or $1.33/share to $29.22. In the past year, the shares have traded as low as $8.86 and as high as $29.00. On average, 11976730 shares of STX exchange hands on a given day and today's volume is recorded at 12306557. 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 $27.04 area where the stock will likely see buying pressure.
Shares of Halliburton Company (HAL) traded higher by 3.95% or $1.29/share to $33.95. In the past year, the shares have traded as low as $27.07 and as high as $57.35. On average, 15684300 shares of HAL exchange hands on a given day and today's volume is recorded at 11857651. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $34.77 area but be careful because the stock may face selling pressure at this level.
Shares of Huntington Bancshares Incorporated (HBAN) traded higher by 3.31% or $0.21/share to $6.56. In the past year, the shares have traded as low as $4.36 and as high as $6.72. On average, 13581470 shares of HBAN exchange hands on a given day and today's volume is recorded at 11594122. 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 $6.11 area where the stock will likely see buying pressure.
