The following stocks were detected to be trading among the most active on April 5: Alcatel-Lucent, S.A, Citigroup, Inc, Seagate Technology PLC, General Electric Company, and SIRIUS XM Radio Inc. 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 Alcatel-Lucent, S.A. (ALU) fell by 0.91% or $-0.02/share to $2.17. In the past year, the shares have traded as low as $1.39 and as high as $6.63. On average, 22759600 shares of ALU exchange hands on a given day and today's volume is recorded at 11657022. 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 $2.26 area but be careful because the stock may face selling pressure at this level.
Shares of Citigroup, Inc. (C) traded higher by 0.66% or $0.23/share to $35.27. In the past year, the shares have traded as low as $21.38 and as high as $46.85. On average, 47678290 shares of C exchange hands on a given day and today's volume is recorded at 10578223. 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 $34.07 area where the stock will likely see buying pressure.
Shares of Seagate Technology PLC (STX) fell by 6.16% or $-1.69/share to $25.75. In the past year, the shares have traded as low as $8.86 and as high as $28.63. On average, 11888180 shares of STX exchange hands on a given day and today's volume is recorded at 10241419. 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 $26.32 represents resistance and the 200-day moving average of $17.29 would be an area of support.
Shares of General Electric Company (GE) fell by 0.43% or $-0.08/share to $19.66. In the past year, the shares have traded as low as $13.77 and as high as $21.00. On average, 48111670 shares of GE exchange hands on a given day and today's volume is recorded at 9861812. 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 $19.29 area where the stock will likely see buying pressure.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 1.97% or $0.05/share to $2.34. In the past year, the shares have traded as low as $1.27 and as high as $2.45. On average, 57700830 shares of SIRI exchange hands on a given day and today's volume is recorded at 9637956. 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 $2.21 area where the stock will likely see buying pressure.
