The following stocks were detected to be trading among the most active on May 17: American International Group, Inc, Ford Motor Co, Chesapeake Energy Corporation, Sprint Nextel Corp, and Wal-Mart Stores 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 American International Group, Inc. (AIG) fell by 3.35% or $-1.02/share to $29.43. In the past year, the shares have traded as low as $19.18 and as high as $35.05. On average, 17161430 shares of AIG exchange hands on a given day and today's volume is recorded at 11401699. 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 $31.10 represents resistance and the 200-day moving average of $26.01 would be an area of support.
Shares of Ford Motor Co. (F) traded higher by 0.2% or $0.02/share to $10.18. In the past year, the shares have traded as low as $8.98 and as high as $15.06. On average, 44334520 shares of F exchange hands on a given day and today's volume is recorded at 11008277. 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 $11.30 area where the stock may encounter resistance.
Shares of Chesapeake Energy Corporation (CHK) fell by 2.03% or $-0.29/share to $13.76. In the past year, the shares have traded as low as $13.90 and as high as $35.35. On average, 27383440 shares of CHK exchange hands on a given day and today's volume is recorded at 10364991. 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 $20.57 area but be careful because the stock may face selling pressure at this level.
Shares of Sprint Nextel Corp. (S) traded higher by 0.42% or $0.01/share to $2.41. In the past year, the shares have traded as low as $2.10 and as high as $6.45. On average, 50234200 shares of S exchange hands on a given day and today's volume is recorded at 12214087. 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 $2.62 area but be careful because the stock may face selling pressure at this level.
Shares of Wal-Mart Stores Inc. (WMT) traded higher by 5.09% or $3.01/share to $62.2. In the past year, the shares have traded as low as $47.37 and as high as $62.07. On average, 10671640 shares of WMT exchange hands on a given day and today's volume is recorded at 9275815. 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 $59.74 area where the stock will likely see buying pressure.
