The following stocks were detected to be trading among the most active on May 9: Nokia Corporation, Intel Corporation, Dynavax Technologies Corporation, JPMorgan Chase & Co, and Walt Disney Co. 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 4.26% or $-0.14/share to $3.15. In the past year, the shares have traded as low as $3.12 and as high as $8.15. On average, 37424600 shares of NOK exchange hands on a given day and today's volume is recorded at 12713414. 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 $4.30 area but be careful because the stock may face selling pressure at this level.
Shares of Intel Corporation (INTC) fell by 1.75% or $-0.48/share to $26.89. In the past year, the shares have traded as low as $18.70 and as high as $29.27. On average, 36727980 shares of INTC exchange hands on a given day and today's volume is recorded at 12046615. 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 $27.59 represents resistance and the 200-day moving average of $24.24 would be an area of support.
Shares of Dynavax Technologies Corporation (DVAX) fell by 21.42% or $-1.09/share to $4.0. In the past year, the shares have traded as low as $1.75 and as high as $5.34. On average, 1580210 shares of DVAX exchange hands on a given day and today's volume is recorded at 11110606. 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 $4.64 represents resistance and the 200-day moving average of $3.33 would be an area of support.
Shares of JPMorgan Chase & Co. (JPM) fell by 2.85% or $-1.18/share to $40.2. In the past year, the shares have traded as low as $27.47 and as high as $46.19. On average, 31927040 shares of JPM exchange hands on a given day and today's volume is recorded at 10177067. 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 $43.11 represents resistance and the 200-day moving average of $36.27 would be an area of support.
Shares of Walt Disney Co. (DIS) traded higher by 1.58% or $0.70/share to $45.0. In the past year, the shares have traded as low as $27.73 and as high as $44.50. On average, 8250709 shares of DIS exchange hands on a given day and today's volume is recorded at 10096196. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $42.87 area where the stock will likely see buying pressure.
