The following stocks were detected to be trading among the most active on April 9: Research In Motion Limited, iShares MSCI Japan Index, AOL, Inc, JPMorgan Chase & Co, and General Electric Company. 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 Research In Motion Limited (RIMM) traded higher by 4.44% or $0.56/share to $13.23. In the past year, the shares have traded as low as $12.45 and as high as $57.32. On average, 21747400 shares of RIMM exchange hands on a given day and today's volume is recorded at 10631001. 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 $14.58 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Japan Index (EWJ) fell by 0.41% or $-0.04/share to $9.79. In the past year, the shares have traded as low as $8.72 and as high as $10.78. On average, 16503200 shares of EWJ exchange hands on a given day and today's volume is recorded at 10452964. 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 $9.91 represents resistance and the 200-day moving average of $9.63 would be an area of support.
Shares of AOL, Inc. (AOL) traded higher by 42.07% or $7.75/share to $26.17. In the past year, the shares have traded as low as $10.06 and as high as $22.47. On average, 1342360 shares of AOL exchange hands on a given day and today's volume is recorded at 10452733. 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 $18.07 area where the stock will likely see buying pressure.
Shares of JPMorgan Chase & Co. (JPM) fell by 2.01% or $-0.89/share to $43.45. In the past year, the shares have traded as low as $27.47 and as high as $46.45. On average, 33618660 shares of JPM exchange hands on a given day and today's volume is recorded at 10364028. 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 $40.70 area where the stock will likely see buying pressure.
Shares of General Electric Company (GE) fell by 1.9% or $-0.37/share to $19.12. In the past year, the shares have traded as low as $13.77 and as high as $21.00. On average, 48018520 shares of GE exchange hands on a given day and today's volume is recorded at 10180832. 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 $19.29 represents resistance and the 200-day moving average of $17.21 would be an area of support.
