The following stocks were detected to be trading among the most active on May 11: Nokia Corporation, Citigroup, Inc, Morgan Stanley, Magnum Hunter Resources Corp, and NVIDIA Corporation. 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) traded higher by 3.09% or $0.10/share to $3.34. In the past year, the shares have traded as low as $3.12 and as high as $8.11. On average, 37891940 shares of NOK exchange hands on a given day and today's volume is recorded at 32617408. 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 $4.23 area but be careful because the stock may face selling pressure at this level.
Shares of Citigroup, Inc. (C) fell by 3.23% or $-0.99/share to $29.66. In the past year, the shares have traded as low as $21.38 and as high as $44.13. On average, 41609350 shares of C exchange hands on a given day and today's volume is recorded at 27773168. 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 $30.61 area where the stock may encounter resistance.
Shares of Morgan Stanley (MS) fell by 4.42% or $-0.69/share to $14.91. In the past year, the shares have traded as low as $11.48 and as high as $25.03. On average, 26120640 shares of MS exchange hands on a given day and today's volume is recorded at 22680238. 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 $17.00 area where the stock may encounter resistance.
Shares of Magnum Hunter Resources Corp. (MHR) fell by 2.56% or $-0.12/share to $4.69. In the past year, the shares have traded as low as $2.33 and as high as $7.90. On average, 3978030 shares of MHR exchange hands on a given day and today's volume is recorded at 21502352. 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 $5.34 area where the stock may encounter resistance.
Shares of NVIDIA Corporation (NVDA) traded higher by 8.66% or $1.08/share to $13.49. In the past year, the shares have traded as low as $11.47 and as high as $20.51. On average, 13322600 shares of NVDA exchange hands on a given day and today's volume is recorded at 18736016. 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 $14.09 area but be careful because the stock may face selling pressure at this level.
