The following stocks were detected to be trading among the most active on April 23: iShares Russell 2000 Index, SIRIUS XM Radio Inc, Microsoft Corporation, Citigroup, Inc, and Nokia Corporation. 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 Russell 2000 Index (IWM) fell by 2.06% or $-1.65/share to $78.56. In the past year, the shares have traded as low as $59.62 and as high as $85.54. On average, 52215030 shares of IWM exchange hands on a given day and today's volume is recorded at 25828644. 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 $81.58 represents resistance and the 200-day moving average of $75.03 would be an area of support.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 3.61% or $-0.08/share to $2.15. In the past year, the shares have traded as low as $1.27 and as high as $2.44. On average, 53747250 shares of SIRI exchange hands on a given day and today's volume is recorded at 23121490. 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 $2.24 represents resistance and the 200-day moving average of $1.96 would be an area of support.
Shares of Microsoft Corporation (MSFT) fell by 0.86% or $-0.28/share to $32.14. In the past year, the shares have traded as low as $23.18 and as high as $32.95. On average, 47099050 shares of MSFT exchange hands on a given day and today's volume is recorded at 20878928. 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 $31.61 area where the stock will likely see buying pressure.
Shares of Citigroup, Inc. (C) fell by 2.77% or $-0.94/share to $32.95. In the past year, the shares have traded as low as $21.38 and as high as $45.95. On average, 43809690 shares of C exchange hands on a given day and today's volume is recorded at 19700302. 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 $34.59 represents resistance and the 200-day moving average of $31.11 would be an area of support.
Shares of Nokia Corporation (NOK) fell by 2.03% or $-0.08/share to $3.63. In the past year, the shares have traded as low as $3.70 and as high as $8.88. On average, 37860250 shares of NOK exchange hands on a given day and today's volume is recorded at 19301834. 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 $5.07 area but be careful because the stock may face selling pressure at this level.
