The following stocks were detected to be trading among the most active on May 30: Nokia Corporation, Alcatel-Lucent, S.A, SIRIUS XM Radio Inc, Zynga, Inc, and General Electric Company. 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 Nokia Corporation (NOK) fell by 5.76% or $-0.17/share to $2.78. In the past year, the shares have traded as low as $2.68 and as high as $6.84. On average, 39299830 shares of NOK exchange hands on a given day and today's volume is recorded at 13053276. 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 $3.79 area but be careful because the stock may face selling pressure at this level.
Shares of Alcatel-Lucent, S.A. (ALU) fell by 5.56% or $-0.10/share to $1.62. In the past year, the shares have traded as low as $1.39 and as high as $6.07. On average, 22634170 shares of ALU exchange hands on a given day and today's volume is recorded at 11020922. 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 $1.86 area but be careful because the stock may face selling pressure at this level.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 4.15% or $-0.08/share to $1.85. In the past year, the shares have traded as low as $1.27 and as high as $2.44. On average, 57581690 shares of SIRI exchange hands on a given day and today's volume is recorded at 9986880. 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 $1.96 area where the stock may encounter resistance.
Shares of Zynga, Inc. (ZNGA) fell by 1.48% or $-0.09/share to $6.0. In the past year, the shares have traded as low as $5.98 and as high as $15.91. On average, 16831740 shares of ZNGA exchange hands on a given day and today's volume is recorded at 9586099. 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 $9.96 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Company (GE) fell by 1.21% or $-0.23/share to $19.11. In the past year, the shares have traded as low as $13.76 and as high as $21.00. On average, 44844130 shares of GE exchange hands on a given day and today's volume is recorded at 8699414. 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 $19.40 represents resistance and the 200-day moving average of $17.50 would be an area of support.
