The following stocks were detected to be trading among the most active on April 23: Ardea Biosciences, Inc, Wal-Mart Stores Inc, General Electric Company, Apple Inc, and Chesapeake Energy 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 Ardea Biosciences, Inc. (RDEA) traded higher by 51.54% or $10.74/share to $31.58. In the past year, the shares have traded as low as $13.15 and as high as $29.06. On average, 276470 shares of RDEA exchange hands on a given day and today's volume is recorded at 19202888. 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 $20.72 area where the stock will likely see buying pressure.
Shares of Wal-Mart Stores Inc. (WMT) fell by 4.31% or $-2.69/share to $59.76. In the past year, the shares have traded as low as $47.69 and as high as $62.49. On average, 8741780 shares of WMT exchange hands on a given day and today's volume is recorded at 17971594. 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 $60.40 represents resistance and the 200-day moving average of $56.44 would be an area of support.
Shares of General Electric Company (GE) fell by 1.29% or $-0.25/share to $19.11. In the past year, the shares have traded as low as $13.77 and as high as $21.00. On average, 46137060 shares of GE exchange hands on a given day and today's volume is recorded at 15613086. 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 $19.35 represents resistance and the 200-day moving average of $17.26 would be an area of support.
Shares of Apple Inc. (AAPL) fell by 2.07% or $-11.86/share to $561.12. In the past year, the shares have traded as low as $310.51 and as high as $644.00. On average, 23417950 shares of AAPL exchange hands on a given day and today's volume is recorded at 14454224. 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 $569.20 represents resistance and the 200-day moving average of $438.96 would be an area of support.
Shares of Chesapeake Energy Corporation (CHK) traded higher by 1.78% or $0.31/share to $17.75. In the past year, the shares have traded as low as $17.17 and as high as $35.34. On average, 18239790 shares of CHK exchange hands on a given day and today's volume is recorded at 14250821. 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 $23.05 area but be careful because the stock may face selling pressure at this level.
