The following stocks were detected to be trading among the most active on May 14: SIRIUS XM Radio Inc, Nokia Corporation, iShares MSCI Emerging Markets Index, iShares Russell 2000 Index, 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 SIRIUS XM Radio Inc. (SIRI) fell by 3.34% or $-0.07/share to $2.06. In the past year, the shares have traded as low as $1.27 and as high as $2.44. On average, 54585480 shares of SIRI exchange hands on a given day and today's volume is recorded at 16213144. 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 $2.25 represents resistance and the 200-day moving average of $1.96 would be an area of support.
Shares of Nokia Corporation (NOK) fell by 4.53% or $-0.15/share to $3.06. In the past year, the shares have traded as low as $3.12 and as high as $8.10. On average, 38254750 shares of NOK exchange hands on a given day and today's volume is recorded at 14824618. 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 $4.21 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 2.1% or $-0.84/share to $39.13. In the past year, the shares have traded as low as $33.10 and as high as $48.17. On average, 50069240 shares of EEM exchange hands on a given day and today's volume is recorded at 14177300. 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 $40.68 area where the stock may encounter resistance.
Shares of iShares Russell 2000 Index (IWM) fell by 1.34% or $-1.06/share to $77.84. In the past year, the shares have traded as low as $59.62 and as high as $84.97. On average, 52860140 shares of IWM exchange hands on a given day and today's volume is recorded at 11764078. 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 $81.10 represents resistance and the 200-day moving average of $74.88 would be an area of support.
Shares of Citigroup, Inc. (C) fell by 2.56% or $-0.75/share to $28.6. In the past year, the shares have traded as low as $21.38 and as high as $43.01. On average, 41898800 shares of C exchange hands on a given day and today's volume is recorded at 11205424. 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 $30.56 area where the stock may encounter resistance.
