The following stocks were detected to be trading among the most active on May 1: Ford Motor Co, iShares MSCI Emerging Markets Index, Citigroup, Inc, Intel Corporation, and Sprint Nextel Corp. 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 Ford Motor Co. (F) traded higher by 0.02% or $0.00/share to $11.28. In the past year, the shares have traded as low as $9.01 and as high as $15.63. On average, 45067170 shares of F exchange hands on a given day and today's volume is recorded at 13756652. 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 $11.47 area where the stock may encounter resistance.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 1.09% or $0.46/share to $42.68. In the past year, the shares have traded as low as $33.11 and as high as $49.46. On average, 51039100 shares of EEM exchange hands on a given day and today's volume is recorded at 13390638. 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 $43.08 represents resistance and the 200-day moving average of $40.92 would be an area of support.
Shares of Citigroup, Inc. (C) traded higher by 1.57% or $0.52/share to $33.56. In the past year, the shares have traded as low as $21.38 and as high as $45.95. On average, 42926700 shares of C exchange hands on a given day and today's volume is recorded at 12882407. 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 $34.69 represents resistance and the 200-day moving average of $30.91 would be an area of support.
Shares of Intel Corporation (INTC) traded higher by 1.85% or $0.53/share to $28.92. In the past year, the shares have traded as low as $18.83 and as high as $28.78. On average, 36550960 shares of INTC exchange hands on a given day and today's volume is recorded at 10666974. 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 $27.60 area where the stock will likely see buying pressure.
Shares of Sprint Nextel Corp. (S) traded higher by 2.82% or $0.07/share to $2.55. In the past year, the shares have traded as low as $2.10 and as high as $6.45. On average, 53031430 shares of S exchange hands on a given day and today's volume is recorded at 10516755. 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 $2.62 area but be careful because the stock may face selling pressure at this level.
