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Friday, April 27, 2012

Substantial Trading Activity: (IWM), (STX), (INTC), (EXPE), (AMZN)

The following stocks were detected to be trading among the most active on April 27: iShares Russell 2000 Index, Seagate Technology PLC, Intel Corporation, Expedia Inc, and Amazon.com 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 iShares Russell 2000 Index (IWM) fell by 0.04% or $-0.03/share to $81.71. In the past year, the shares have traded as low as $59.62 and as high as $85.54. On average, 52093300 shares of IWM exchange hands on a given day and today's volume is recorded at 14142157. 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 $81.47 area where the stock will likely see buying pressure.

Shares of Seagate Technology PLC (STX) fell by 8.2% or $-2.55/share to $28.54. In the past year, the shares have traded as low as $8.86 and as high as $31.49. On average, 12471560 shares of STX exchange hands on a given day and today's volume is recorded at 13980142. 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 $27.52 area where the stock will likely see buying pressure.

Shares of Intel Corporation (INTC) traded higher by 0.85% or $0.24/share to $28.46. In the past year, the shares have traded as low as $18.84 and as high as $28.78. On average, 37331290 shares of INTC exchange hands on a given day and today's volume is recorded at 11727244. 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 $27.53 area where the stock will likely see buying pressure.

Shares of Expedia Inc. (EXPE) traded higher by 26.85% or $8.76/share to $41.39. In the past year, the shares have traded as low as $27.20 and as high as $47.98. On average, 3629650 shares of EXPE exchange hands on a given day and today's volume is recorded at 11889348. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $37.36 area.

Shares of Amazon.com Inc. (AMZN) traded higher by 12.89% or $25.26/share to $221.25. In the past year, the shares have traded as low as $166.97 and as high as $246.71. On average, 5726880 shares of AMZN exchange hands on a given day and today's volume is recorded at 11462682. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $200.05 area.