The following stocks were detected to be trading among the most active on April 5: Cisco Systems, Inc, Ford Motor Co, PowerShares QQQ, Nokia Corporation, and JPMorgan Chase & Co. 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 Cisco Systems, Inc. (CSCO) fell by 0.56% or $-0.11/share to $20.25. In the past year, the shares have traded as low as $13.16 and as high as $21.22. On average, 42532970 shares of CSCO exchange hands on a given day and today's volume is recorded at 9419381. 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 $20.09 area where the stock will likely see buying pressure.
Shares of Ford Motor Co. (F) fell by 0.04% or $-0.01/share to $12.51. In the past year, the shares have traded as low as $9.02 and as high as $16.13. On average, 50690290 shares of F exchange hands on a given day and today's volume is recorded at 9278550. 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 $12.52 represents resistance and the 200-day moving average of $11.62 would be an area of support.
Shares of PowerShares QQQ (QQQ) traded higher by 0.33% or $0.22/share to $67.52. In the past year, the shares have traded as low as $49.56 and as high as $68.55. On average, 47431690 shares of QQQ exchange hands on a given day and today's volume is recorded at 8509237. 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 $64.38 area where the stock will likely see buying pressure.
Shares of Nokia Corporation (NOK) traded higher by 1.97% or $0.10/share to $5.17. In the past year, the shares have traded as low as $4.46 and as high as $8.87. On average, 32546140 shares of NOK exchange hands on a given day and today's volume is recorded at 8245707. 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 $5.24 area but be careful because the stock may face selling pressure at this level.
Shares of JPMorgan Chase & Co. (JPM) traded higher by 0.65% or $0.29/share to $44.7. In the past year, the shares have traded as low as $27.47 and as high as $46.45. On average, 33770240 shares of JPM exchange hands on a given day and today's volume is recorded at 8022775. 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 $40.57 area where the stock will likely see buying pressure.
