The following stocks were detected to be trading among the most active on May 4: SIRIUS XM Radio Inc, Nokia Corporation, Micron Technology Inc, Microsoft Corporation, and Ford Motor Co. 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 SIRIUS XM Radio Inc. (SIRI) fell by 2.26% or $-0.05/share to $2.16. In the past year, the shares have traded as low as $1.27 and as high as $2.44. On average, 51273400 shares of SIRI exchange hands on a given day and today's volume is recorded at 19659668. 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 $2.25 represents resistance and the 200-day moving average of $1.96 would be an area of support.
Shares of Nokia Corporation (NOK) fell by 9.75% or $-0.34/share to $3.19. In the past year, the shares have traded as low as $3.53 and as high as $8.86. On average, 36485200 shares of NOK exchange hands on a given day and today's volume is recorded at 17729492. 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 $4.77 area but be careful because the stock may face selling pressure at this level.
Shares of Micron Technology Inc. (MU) traded higher by 4.17% or $0.27/share to $6.74. In the past year, the shares have traded as low as $3.97 and as high as $11.13. On average, 33483050 shares of MU exchange hands on a given day and today's volume is recorded at 16901224. 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 $6.75 area where the stock may encounter resistance.
Shares of Microsoft Corporation (MSFT) fell by 1.21% or $-0.38/share to $31.38. In the past year, the shares have traded as low as $23.18 and as high as $32.95. On average, 45462670 shares of MSFT exchange hands on a given day and today's volume is recorded at 14724888. 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 $31.84 represents resistance and the 200-day moving average of $27.85 would be an area of support.
Shares of Ford Motor Co. (F) fell by 1.82% or $-0.20/share to $10.72. In the past year, the shares have traded as low as $8.98 and as high as $15.33. On average, 44087510 shares of F exchange hands on a given day and today's volume is recorded at 15002102. 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 $11.39 area where the stock may encounter resistance.
