The following stocks were detected to be trading among the most active on May 15: Citigroup, Inc, Cisco Systems, Inc, The Home Depot, Inc, Sprint Nextel Corp, and Zynga, 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 Citigroup, Inc. (C) traded higher by 0.57% or $0.16/share to $28.3. In the past year, the shares have traded as low as $21.38 and as high as $43.01. On average, 41640800 shares of C exchange hands on a given day and today's volume is recorded at 14829130. 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 $30.51 area where the stock may encounter resistance.
Shares of Cisco Systems, Inc. (CSCO) fell by 0.96% or $-0.16/share to $16.55. In the past year, the shares have traded as low as $13.16 and as high as $21.22. On average, 42303520 shares of CSCO exchange hands on a given day and today's volume is recorded at 15111741. 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 $18.16 area where the stock may encounter resistance.
Shares of The Home Depot, Inc. (HD) fell by 1.32% or $-0.66/share to $49.22. In the past year, the shares have traded as low as $27.53 and as high as $52.88. On average, 9666450 shares of HD exchange hands on a given day and today's volume is recorded at 13336056. 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 $50.24 represents resistance and the 200-day moving average of $40.98 would be an area of support.
Shares of Sprint Nextel Corp. (S) remained unchanged at $2.5. In the past year, the shares have traded as low as $2.10 and as high as $6.45. On average, 50472510 shares of S exchange hands on a given day and today's volume is recorded at 12400939. 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 Zynga, Inc. (ZNGA) traded higher by 6.41% or $0.51/share to $8.46. In the past year, the shares have traded as low as $7.34 and as high as $15.91. On average, 14127940 shares of ZNGA exchange hands on a given day and today's volume is recorded at 12357772. 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 $11.04 area where the stock may encounter resistance.
