The following stocks were detected to be trading among the most active on May 24: Microsoft Corporation, Citigroup, Inc, Ford Motor Co, General Electric Company, and iShares MSCI Japan Index. 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 Microsoft Corporation (MSFT) fell by 0.45% or $-0.13/share to $28.98. In the past year, the shares have traded as low as $23.02 and as high as $32.74. On average, 45581670 shares of MSFT exchange hands on a given day and today's volume is recorded at 9890302. 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 $31.20 represents resistance and the 200-day moving average of $27.94 would be an area of support.
Shares of Citigroup, Inc. (C) fell by 1.73% or $-0.47/share to $26.68. In the past year, the shares have traded as low as $21.38 and as high as $43.01. On average, 43214980 shares of C exchange hands on a given day and today's volume is recorded at 9516034. 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 $30.22 area where the stock may encounter resistance.
Shares of Ford Motor Co. (F) traded higher by 0.77% or $0.08/share to $10.49. In the past year, the shares have traded as low as $8.98 and as high as $14.80. On average, 45360890 shares of F exchange hands on a given day and today's volume is recorded at 8952367. 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 General Electric Company (GE) traded higher by 0.36% or $0.07/share to $19.25. In the past year, the shares have traded as low as $13.77 and as high as $21.00. On average, 44715910 shares of GE exchange hands on a given day and today's volume is recorded at 8913773. 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 $19.46 represents resistance and the 200-day moving average of $17.45 would be an area of support.
Shares of iShares MSCI Japan Index (EWJ) fell by 0.06% or $-0.01/share to $8.9. In the past year, the shares have traded as low as $8.72 and as high as $10.79. On average, 15666640 shares of EWJ exchange hands on a given day and today's volume is recorded at 8694520. 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 $9.49 area where the stock may encounter resistance.
