The following stocks were detected to be trading among the most active on April 25: Apple Inc, Itau Unibanco Holding S.A, iShares Russell 2000 Index, General Electric Company, 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 Apple Inc. (AAPL) traded higher by 9.39% or $52.61/share to $612.89. In the past year, the shares have traded as low as $310.50 and as high as $643.99. On average, 24086500 shares of AAPL exchange hands on a given day and today's volume is recorded at 16804636. 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 $572.10 area where the stock will likely see buying pressure.
Shares of Itau Unibanco Holding S.A. (ITUB) fell by 4.9% or $-0.82/share to $15.9. In the past year, the shares have traded as low as $14.26 and as high as $24.32. On average, 12713740 shares of ITUB exchange hands on a given day and today's volume is recorded at 15790929. 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 $18.54 area where the stock may encounter resistance.
Shares of iShares Russell 2000 Index (IWM) traded higher by 1.54% or $1.23/share to $80.93. In the past year, the shares have traded as low as $59.62 and as high as $85.54. On average, 52531680 shares of IWM exchange hands on a given day and today's volume is recorded at 14120115. 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 $81.49 represents resistance and the 200-day moving average of $74.98 would be an area of support.
Shares of General Electric Company (GE) fell by 0.26% or $-0.05/share to $19.49. In the past year, the shares have traded as low as $13.77 and as high as $21.00. On average, 46316230 shares of GE exchange hands on a given day and today's volume is recorded at 13133278. 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 $19.37 area where the stock will likely see buying pressure.
Shares of Nokia Corporation (NOK) traded higher by 3.03% or $0.11/share to $3.74. In the past year, the shares have traded as low as $3.54 and as high as $8.87. On average, 37973820 shares of NOK exchange hands on a given day and today's volume is recorded at 12784070. 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 $5.01 area but be careful because the stock may face selling pressure at this level.
