The following stocks were detected to be trading among the most active on May 3: Research In Motion Limited, iShares MSCI Emerging Markets Index, Ford Motor Co, Morgan Stanley, and iShares Russell 2000 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 Research In Motion Limited (RIMM) fell by 4.84% or $-0.62/share to $12.18. In the past year, the shares have traded as low as $12.45 and as high as $48.70. On average, 19704960 shares of RIMM exchange hands on a given day and today's volume is recorded at 14931958. 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 $13.64 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 0.33% or $-0.14/share to $42.28. In the past year, the shares have traded as low as $33.10 and as high as $48.40. On average, 49463080 shares of EEM exchange hands on a given day and today's volume is recorded at 14798809. 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 $43.03 represents resistance and the 200-day moving average of $40.89 would be an area of support.
Shares of Ford Motor Co. (F) fell by 0.64% or $-0.07/share to $11.03. In the past year, the shares have traded as low as $8.98 and as high as $15.43. On average, 44710520 shares of F exchange hands on a given day and today's volume is recorded at 14772062. 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 $11.41 area where the stock may encounter resistance.
Shares of Morgan Stanley (MS) fell by 2.77% or $-0.47/share to $16.48. In the past year, the shares have traded as low as $11.48 and as high as $25.94. On average, 25425540 shares of MS exchange hands on a given day and today's volume is recorded at 13840871. 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 $17.20 area where the stock may encounter resistance.
Shares of iShares Russell 2000 Index (IWM) fell by 0.48% or $-0.39/share to $81.38. In the past year, the shares have traded as low as $59.62 and as high as $84.97. On average, 51856530 shares of IWM exchange hands on a given day and today's volume is recorded at 12991660. 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 $81.45 represents resistance and the 200-day moving average of $74.97 would be an area of support.
