The following stocks were detected to be trading among the most active on April 30: Gen-Probe Inc, Hologic Inc, Sunoco, Inc, Chesapeake Energy Corporation, and Sprint Nextel Corp. 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 Gen-Probe Inc. (GPRO) traded higher by 18.77% or $12.90/share to $81.61. In the past year, the shares have traded as low as $53.92 and as high as $86.96. On average, 283020 shares of GPRO exchange hands on a given day and today's volume is recorded at 11268059. 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 $67.25 area where the stock will likely see buying pressure.
Shares of Hologic Inc. (HOLX) fell by 8.67% or $-1.84/share to $19.39. In the past year, the shares have traded as low as $13.90 and as high as $23.24. On average, 1948400 shares of HOLX exchange hands on a given day and today's volume is recorded at 11226079. 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 $21.12 represents resistance and the 200-day moving average of $18.24 would be an area of support.
Shares of Sunoco, Inc. (SUN) traded higher by 19.25% or $7.87/share to $48.78. In the past year, the shares have traded as low as $27.51 and as high as $42.82. On average, 2028660 shares of SUN exchange hands on a given day and today's volume is recorded at 9480565. 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 $39.17 area where the stock will likely see buying pressure.
Shares of Chesapeake Energy Corporation (CHK) traded higher by 0.45% or $0.08/share to $17.8. In the past year, the shares have traded as low as $16.78 and as high as $35.34. On average, 19059350 shares of CHK exchange hands on a given day and today's volume is recorded at 9448635. 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 $22.59 area but be careful because the stock may face selling pressure at this level.
Shares of Sprint Nextel Corp. (S) traded higher by 1.48% or $0.03/share to $2.39. In the past year, the shares have traded as low as $2.10 and as high as $6.44. On average, 52720050 shares of S exchange hands on a given day and today's volume is recorded at 9122434. 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 $2.61 area but be careful because the stock may face selling pressure at this level.
