The following stocks were detected to be trading among the most active on May 1: Zynga, Inc, Collective Brands, Inc, iShares Russell 2000 Index, PowerShares QQQ, and Pfizer 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 Zynga, Inc. (ZNGA) fell by 0.6% or $-0.05/share to $8.29. In the past year, the shares have traded as low as $7.97 and as high as $15.91. On average, 14496840 shares of ZNGA exchange hands on a given day and today's volume is recorded at 20986908. 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 $11.35 area where the stock may encounter resistance.
Shares of Collective Brands, Inc. (PSS) traded higher by 1.95% or $0.40/share to $21.17. In the past year, the shares have traded as low as $9.11 and as high as $21.26. On average, 1596680 shares of PSS exchange hands on a given day and today's volume is recorded at 20616696. 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 $18.65 area where the stock will likely see buying pressure.
Shares of iShares Russell 2000 Index (IWM) traded higher by 1.58% or $1.29/share to $82.76. In the past year, the shares have traded as low as $59.62 and as high as $85.54. On average, 51876700 shares of IWM exchange hands on a given day and today's volume is recorded at 17382006. 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 $81.47 area where the stock will likely see buying pressure.
Shares of PowerShares QQQ (QQQ) traded higher by 1.04% or $0.69/share to $67.45. In the past year, the shares have traded as low as $49.56 and as high as $68.55. On average, 50733510 shares of QQQ exchange hands on a given day and today's volume is recorded at 16886136. 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 $65.97 area where the stock will likely see buying pressure.
Shares of Pfizer Inc. (PFE) fell by 0.63% or $-0.14/share to $22.75. In the past year, the shares have traded as low as $16.30 and as high as $23.30. On average, 37162940 shares of PFE exchange hands on a given day and today's volume is recorded at 16483787. 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 $21.96 area where the stock will likely see buying pressure.
