The following stocks were detected to be trading among the most active on May 10: Advanced Micro Devices, Inc, Pfizer Inc, Windstream Corporation, SIRIUS XM Radio Inc, and PowerShares QQQ. 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 Advanced Micro Devices, Inc. (AMD) fell by 1.9% or $-0.13/share to $6.73. In the past year, the shares have traded as low as $4.31 and as high as $9.07. On average, 16076090 shares of AMD exchange hands on a given day and today's volume is recorded at 12546257. 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 $7.68 represents resistance and the 200-day moving average of $6.45 would be an area of support.
Shares of Pfizer Inc. (PFE) traded higher by 1.14% or $0.26/share to $22.7. In the past year, the shares have traded as low as $16.30 and as high as $23.29. On average, 36884750 shares of PFE exchange hands on a given day and today's volume is recorded at 12017588. 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 $22.15 area where the stock will likely see buying pressure.
Shares of Windstream Corporation (WIN) fell by 13.61% or $-1.53/share to $9.73. In the past year, the shares have traded as low as $10.12 and as high as $12.51. On average, 6162700 shares of WIN exchange hands on a given day and today's volume is recorded at 11756375. 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 $11.51 area where the stock may encounter resistance.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 0.92% or $-0.02/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, 54202660 shares of SIRI exchange hands on a given day and today's volume is recorded at 11673871. 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 PowerShares QQQ (QQQ) fell by 0.15% or $-0.10/share to $64.22. In the past year, the shares have traded as low as $49.56 and as high as $68.55. On average, 53301970 shares of QQQ exchange hands on a given day and today's volume is recorded at 11538336. 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 $66.21 represents resistance and the 200-day moving average of $58.98 would be an area of support.
