The following stocks were detected to be trading among the most active on May 10: Nokia Corporation, Financial Select Sector SPDR, Avon Products Inc, iShares MSCI Emerging Markets Index, and News Corp. 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 Nokia Corporation (NOK) traded higher by 3.49% or $0.11/share to $3.26. In the past year, the shares have traded as low as $3.12 and as high as $8.15. On average, 37664870 shares of NOK exchange hands on a given day and today's volume is recorded at 11080069. 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 $4.27 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) traded higher by 1.14% or $0.17/share to $15.09. In the past year, the shares have traded as low as $10.85 and as high as $16.01. On average, 79334530 shares of XLF exchange hands on a given day and today's volume is recorded at 10416071. 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 $15.34 represents resistance and the 200-day moving average of $13.64 would be an area of support.
Shares of Avon Products Inc. (AVP) traded higher by 0.28% or $0.06/share to $21.66. In the past year, the shares have traded as low as $15.90 and as high as $29.35. On average, 8015450 shares of AVP exchange hands on a given day and today's volume is recorded at 10134224. 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 $20.45 area where the stock will likely see buying pressure.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 0.94% or $0.38/share to $40.7. In the past year, the shares have traded as low as $33.10 and as high as $48.17. On average, 50193360 shares of EEM exchange hands on a given day and today's volume is recorded at 9960280. 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 $40.74 area where the stock may encounter resistance.
Shares of News Corp. (NWSA) traded higher by 5.06% or $0.98/share to $20.36. In the past year, the shares have traded as low as $13.24 and as high as $20.40. On average, 15099420 shares of NWSA exchange hands on a given day and today's volume is recorded at 9822941. 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 $19.55 area where the stock will likely see buying pressure.
