The following stocks were detected to be trading among the most active on May 25: Ford Motor Co, EMC Corporation, PowerShares QQQ, Sprint Nextel Corp, and Citigroup, 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 Ford Motor Co. (F) traded higher by 0.09% or $0.01/share to $10.6. In the past year, the shares have traded as low as $8.98 and as high as $14.80. On average, 45582480 shares of F exchange hands on a given day and today's volume is recorded at 8458618. 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 $11.28 area where the stock may encounter resistance.
Shares of EMC Corporation (EMC) traded higher by 0.87% or $0.21/share to $24.44. In the past year, the shares have traded as low as $19.84 and as high as $30.00. On average, 19330690 shares of EMC exchange hands on a given day and today's volume is recorded at 8357221. 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 $24.75 area where the stock may encounter resistance.
Shares of PowerShares QQQ (QQQ) fell by 0.23% or $-0.14/share to $62.01. In the past year, the shares have traded as low as $49.56 and as high as $68.55. On average, 53724810 shares of QQQ exchange hands on a given day and today's volume is recorded at 7975284. 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 $65.78 represents resistance and the 200-day moving average of $59.37 would be an area of support.
Shares of Sprint Nextel Corp. (S) traded higher by 1.98% or $0.05/share to $2.58. In the past year, the shares have traded as low as $2.10 and as high as $6.45. On average, 49297170 shares of S exchange hands on a given day and today's volume is recorded at 7855344. 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 $2.59 area but be careful because the stock may face selling pressure at this level.
Shares of Citigroup, Inc. (C) fell by 0.3% or $-0.08/share to $26.58. In the past year, the shares have traded as low as $21.38 and as high as $43.01. On average, 43439490 shares of C exchange hands on a given day and today's volume is recorded at 7128849. 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 $30.19 area where the stock may encounter resistance.
