The following stocks were detected to be trading among the most active on May 3: Intel Corporation, PowerShares QQQ, Hersha Hospitality Trust, Herbalife Ltd, and MGM Resorts International. 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 Intel Corporation (INTC) fell by 0.62% or $-0.18/share to $29.0. In the past year, the shares have traded as low as $18.84 and as high as $29.27. On average, 36448890 shares of INTC exchange hands on a given day and today's volume is recorded at 11327700. 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 $27.67 area where the stock will likely see buying pressure.
Shares of PowerShares QQQ (QQQ) fell by 0.13% or $-0.09/share to $66.97. In the past year, the shares have traded as low as $49.56 and as high as $68.55. On average, 50454040 shares of QQQ exchange hands on a given day and today's volume is recorded at 11250316. 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 $66.11 area where the stock will likely see buying pressure.
Shares of Hersha Hospitality Trust (HT) fell by 3.87% or $-0.22/share to $5.47. In the past year, the shares have traded as low as $3.07 and as high as $5.91. On average, 789490 shares of HT exchange hands on a given day and today's volume is recorded at 11213193. 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 $5.33 area where the stock will likely see buying pressure.
Shares of Herbalife Ltd. (HLF) fell by 8.5% or $-4.48/share to $48.22. In the past year, the shares have traded as low as $47.13 and as high as $73.01. On average, 2245590 shares of HLF exchange hands on a given day and today's volume is recorded at 11001153. 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 $58.78 area where the stock may encounter resistance.
Shares of MGM Resorts International (MGM) fell by 1.48% or $-0.20/share to $13.35. In the past year, the shares have traded as low as $7.40 and as high as $16.05. On average, 13467770 shares of MGM exchange hands on a given day and today's volume is recorded at 10998532. 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 $13.81 represents resistance and the 200-day moving average of $11.96 would be an area of support.
