The following stocks were detected to be trading among the most active on April 16: iShares MSCI Emerging Markets Index, Nokia Corporation, SIRIUS XM Radio Inc, Micron Technology 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 iShares MSCI Emerging Markets Index (EEM) fell by 0.26% or $-0.11/share to $42.05. In the past year, the shares have traded as low as $33.11 and as high as $49.45. On average, 53018940 shares of EEM exchange hands on a given day and today's volume is recorded at 24687424. 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 $43.40 represents resistance and the 200-day moving average of $41.19 would be an area of support.
Shares of Nokia Corporation (NOK) fell by 1.74% or $-0.07/share to $3.95. In the past year, the shares have traded as low as $4.01 and as high as $8.87. On average, 36209360 shares of NOK exchange hands on a given day and today's volume is recorded at 21181354. 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 $5.18 area but be careful because the stock may face selling pressure at this level.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 1.12% or $-0.02/share to $2.2. In the past year, the shares have traded as low as $1.27 and as high as $2.43. On average, 54913570 shares of SIRI exchange hands on a given day and today's volume is recorded at 18279618. 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 $2.23 represents resistance and the 200-day moving average of $1.95 would be an area of support.
Shares of Micron Technology Inc. (MU) traded higher by 1.58% or $0.11/share to $7.07. In the past year, the shares have traded as low as $3.97 and as high as $11.83. On average, 33037089 shares of MU exchange hands on a given day and today's volume is recorded at 16452257. 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 $8.16 represents resistance and the 200-day moving average of $6.80 would be an area of support.
Shares of iShares Russell 2000 Index (IWM) fell by 0.06% or $-0.05/share to $79.49. In the past year, the shares have traded as low as $59.62 and as high as $85.54. On average, 51452960 shares of IWM exchange hands on a given day and today's volume is recorded at 16221667. 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 $81.79 represents resistance and the 200-day moving average of $75.08 would be an area of support.
