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Monday, May 21, 2012

High Activity Detected: (C), (ZNGA), (INTC), (F), (WFC)

The following stocks were detected to be trading among the most active on May 21: Citigroup, Inc, Zynga, Inc, Intel Corporation, Ford Motor Co, and Wells Fargo & Company. 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 Citigroup, Inc. (C) traded higher by 1.42% or $0.37/share to $26.38. In the past year, the shares have traded as low as $21.38 and as high as $43.01. On average, 42759530 shares of C exchange hands on a given day and today's volume is recorded at 9596333. 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 $30.29 area where the stock may encounter resistance.

Shares of Zynga, Inc. (ZNGA) fell by 5.31% or $-0.38/share to $6.78. In the past year, the shares have traded as low as $6.40 and as high as $15.91. On average, 14955390 shares of ZNGA exchange hands on a given day and today's volume is recorded at 8173132. 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 $10.76 area but be careful because the stock may face selling pressure at this level.

Shares of Intel Corporation (INTC) fell by 0.65% or $-0.17/share to $25.9. In the past year, the shares have traded as low as $18.70 and as high as $29.27. On average, 36692180 shares of INTC exchange hands on a given day and today's volume is recorded at 8148641. 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 $27.61 represents resistance and the 200-day moving average of $24.44 would be an area of support.

Shares of Ford Motor Co. (F) traded higher by 0.6% or $0.06/share to $10.07. In the past year, the shares have traded as low as $8.98 and as high as $15.05. On average, 44733070 shares of F exchange hands on a given day and today's volume is recorded at 8413855. 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 $11.28 area where the stock may encounter resistance.

Shares of Wells Fargo & Company (WFC) traded higher by 0.26% or $0.08/share to $31.02. In the past year, the shares have traded as low as $22.23 and as high as $34.37. On average, 29112100 shares of WFC exchange hands on a given day and today's volume is recorded at 7423778. 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 $33.18 represents resistance and the 200-day moving average of $28.12 would be an area of support.