The following stocks were detected to be trading among the most active on April 4: iShares Russell 2000 Index, Microsoft Corporation, Citigroup, Inc, SanDisk Corp, and Alcatel-Lucent, S.A. 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 1.62% or $-1.35/share to $81.92. In the past year, the shares have traded as low as $59.62 and as high as $85.54. On average, 49470230 shares of IWM exchange hands on a given day and today's volume is recorded at 13678743. 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 $81.63 area where the stock will likely see buying pressure.
Shares of Microsoft Corporation (MSFT) fell by 1.86% or $-0.59/share to $31.34. In the past year, the shares have traded as low as $23.17 and as high as $32.94. On average, 52308260 shares of MSFT exchange hands on a given day and today's volume is recorded at 13647638. 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 $31.25 area where the stock will likely see buying pressure.
Shares of Citigroup, Inc. (C) fell by 2.99% or $-1.09/share to $35.28. In the past year, the shares have traded as low as $21.38 and as high as $46.85. On average, 47611130 shares of C exchange hands on a given day and today's volume is recorded at 13359011. 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 $33.96 area where the stock will likely see buying pressure.
Shares of SanDisk Corp. (SNDK) fell by 8.95% or $-4.48/share to $45.57. In the past year, the shares have traded as low as $32.24 and as high as $53.46. On average, 5455070 shares of SNDK exchange hands on a given day and today's volume is recorded at 12966522. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $45.61 area where the stock may encounter resistance.
Shares of Alcatel-Lucent, S.A. (ALU) fell by 6.9% or $-0.16/share to $2.16. In the past year, the shares have traded as low as $1.39 and as high as $6.63. On average, 22412570 shares of ALU exchange hands on a given day and today's volume is recorded at 12288828. 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 $2.25 area but be careful because the stock may face selling pressure at this level.