The following stocks were detected to be trading among the most active on May 8: American International Group, Inc, Financial Select Sector SPDR, Cisco Systems, Inc, PowerShares QQQ, and America Movil S.A.B. de C.V. 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 American International Group, Inc. (AIG) fell by 1.38% or $-0.44/share to $31.4. In the past year, the shares have traded as low as $19.18 and as high as $35.05. On average, 15138160 shares of AIG exchange hands on a given day and today's volume is recorded at 16896556. 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 $30.81 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) fell by 0.82% or $-0.12/share to $15.06. In the past year, the shares have traded as low as $10.84 and as high as $16.00. On average, 78613290 shares of XLF exchange hands on a given day and today's volume is recorded at 16310113. 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 $15.33 represents resistance and the 200-day moving average of $13.64 would be an area of support.
Shares of Cisco Systems, Inc. (CSCO) fell by 2.2% or $-0.42/share to $18.66. In the past year, the shares have traded as low as $13.16 and as high as $21.22. On average, 40791010 shares of CSCO exchange hands on a given day and today's volume is recorded at 13289809. 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 $20.02 represents resistance and the 200-day moving average of $18.12 would be an area of support.
Shares of PowerShares QQQ (QQQ) fell by 1.33% or $-0.86/share to $63.9. In the past year, the shares have traded as low as $49.56 and as high as $68.55. On average, 52167360 shares of QQQ exchange hands on a given day and today's volume is recorded at 12266252. 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 $66.21 represents resistance and the 200-day moving average of $58.93 would be an area of support.
Shares of America Movil S.A.B. de C.V. (AMX) fell by 7.24% or $-2.04/share to $26.2. In the past year, the shares have traded as low as $20.54 and as high as $28.47. On average, 6061100 shares of AMX exchange hands on a given day and today's volume is recorded at 10431356. 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 $24.50 area where the stock will likely see buying pressure.
