The following stocks were detected to be trading among the most active on May 4: iShares MSCI Emerging Markets Index, Sprint Nextel Corp, Chesapeake Energy Corporation, Itau Unibanco Holding S.A, and Green Mountain Coffee Roasters 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 MSCI Emerging Markets Index (EEM) fell by 1.12% or $-0.47/share to $41.63. In the past year, the shares have traded as low as $33.10 and as high as $48.17. On average, 49038410 shares of EEM exchange hands on a given day and today's volume is recorded at 14004603. 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 $42.99 represents resistance and the 200-day moving average of $40.86 would be an area of support.
Shares of Sprint Nextel Corp. (S) fell by 2.62% or $-0.06/share to $2.41. In the past year, the shares have traded as low as $2.10 and as high as $6.44. On average, 52425530 shares of S exchange hands on a given day and today's volume is recorded at 13339706. 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 $2.63 area but be careful because the stock may face selling pressure at this level.
Shares of Chesapeake Energy Corporation (CHK) traded higher by 1.54% or $0.26/share to $17.45. In the past year, the shares have traded as low as $16.70 and as high as $35.33. On average, 22784900 shares of CHK exchange hands on a given day and today's volume is recorded at 12721348. 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 $22.08 area but be careful because the stock may face selling pressure at this level.
Shares of Itau Unibanco Holding S.A. (ITUB) fell by 2.5% or $-0.38/share to $14.84. In the past year, the shares have traded as low as $14.25 and as high as $23.48. On average, 13872260 shares of ITUB exchange hands on a given day and today's volume is recorded at 12347382. 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 $18.37 area where the stock may encounter resistance.
Shares of Green Mountain Coffee Roasters Inc. (GMCR) traded higher by 6.18% or $1.60/share to $27.47. In the past year, the shares have traded as low as $24.40 and as high as $115.96. On average, 6771360 shares of GMCR exchange hands on a given day and today's volume is recorded at 12103912. 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 $51.36 area but be careful because the stock may face selling pressure at this level.
