The following stocks were detected to be trading among the most active on May 18: Oracle Corporation, Wells Fargo & Company, Ford Motor Co, Cisco Systems, Inc, and Intel Corporation. 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 Oracle Corporation (ORCL) fell by 2.0% or $-0.53/share to $25.73. In the past year, the shares have traded as low as $24.57 and as high as $34.33. On average, 30844360 shares of ORCL exchange hands on a given day and today's volume is recorded at 18587522. 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 $28.84 area but be careful because the stock may face selling pressure at this level.
Shares of Wells Fargo & Company (WFC) fell by 0.62% or $-0.19/share to $31.25. In the past year, the shares have traded as low as $22.24 and as high as $34.37. On average, 28717520 shares of WFC exchange hands on a given day and today's volume is recorded at 16602238. 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 $33.20 represents resistance and the 200-day moving average of $28.10 would be an area of support.
Shares of Ford Motor Co. (F) traded higher by 1.0% or $0.10/share to $10.11. In the past year, the shares have traded as low as $8.98 and as high as $15.05. On average, 44638750 shares of F exchange hands on a given day and today's volume is recorded at 15402624. 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 $11.29 area where the stock may encounter resistance.
Shares of Cisco Systems, Inc. (CSCO) fell by 0.24% or $-0.04/share to $16.51. In the past year, the shares have traded as low as $13.16 and as high as $21.22. On average, 42689100 shares of CSCO exchange hands on a given day and today's volume is recorded at 15236306. 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 $18.17 area where the stock may encounter resistance.
Shares of Intel Corporation (INTC) traded higher by 0.42% or $0.11/share to $26.3. In the past year, the shares have traded as low as $18.70 and as high as $29.27. On average, 36583290 shares of INTC exchange hands on a given day and today's volume is recorded at 14509391. 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 $27.63 represents resistance and the 200-day moving average of $24.42 would be an area of support.
