The following stocks were detected to be trading among the most active on May 2: iShares MSCI Emerging Markets Index, iShares FTSE China 25 Index Fund, Banco Santander, S.A, Genworth Financial Inc, and Arch Coal 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 iShares MSCI Emerging Markets Index (EEM) fell by 0.59% or $-0.25/share to $42.25. In the past year, the shares have traded as low as $33.10 and as high as $49.45. On average, 50046030 shares of EEM exchange hands on a given day and today's volume is recorded at 14110945. 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 $43.06 represents resistance and the 200-day moving average of $40.90 would be an area of support.
Shares of iShares FTSE China 25 Index Fund (FXI) fell by 0.73% or $-0.28/share to $38.07. In the past year, the shares have traded as low as $28.54 and as high as $44.66. On average, 17217280 shares of FXI exchange hands on a given day and today's volume is recorded at 13801237. 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 $38.05 area where the stock will likely see buying pressure.
Shares of Banco Santander, S.A. (STD) fell by 5.71% or $-0.37/share to $6.03. In the past year, the shares have traded as low as $6.08 and as high as $11.28. On average, 8071750 shares of STD exchange hands on a given day and today's volume is recorded at 13647971. 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 $7.29 area but be careful because the stock may face selling pressure at this level.
Shares of Genworth Financial Inc. (GNW) fell by 0.16% or $-0.01/share to $6.14. In the past year, the shares have traded as low as $4.80 and as high as $12.55. On average, 11699390 shares of GNW exchange hands on a given day and today's volume is recorded at 13442540. 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 $7.11 area where the stock may encounter resistance.
Shares of Arch Coal Inc. (ACI) fell by 7.59% or $-0.70/share to $8.52. In the past year, the shares have traded as low as $9.05 and as high as $34.19. On average, 10795560 shares of ACI exchange hands on a given day and today's volume is recorded at 12943620. 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 $11.30 area but be careful because the stock may face selling pressure at this level.
