The following stocks were detected to be trading among the most active on June 5: Sprint Nextel Corp, Facebook, Inc, Ford Motor Co, Citigroup, Inc, and Microsoft 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 Sprint Nextel Corp. (S) traded higher by 0.79% or $0.02/share to $2.56. In the past year, the shares have traded as low as $2.10 and as high as $5.80. On average, 50716610 shares of S exchange hands on a given day and today's volume is recorded at 13697532. 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 $2.56 area but be careful because the stock may face selling pressure at this level.
Shares of Facebook, Inc. (FB) fell by 0.93% or $-0.25/share to $26.65. In the past year, the shares have traded as low as $26.44 and as high as $45.00. On average, 120780510 shares of FB exchange hands on a given day and today's volume is recorded at 12970666. 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 $31.04 area but be careful because the stock may face selling pressure at this level.
Shares of Ford Motor Co. (F) traded higher by 1.1% or $0.11/share to $10.15. In the past year, the shares have traded as low as $8.98 and as high as $14.10. On average, 45647810 shares of F exchange hands on a given day and today's volume is recorded at 12893873. 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 $11.26 area where the stock may encounter resistance.
Shares of Citigroup, Inc. (C) traded higher by 2.66% or $0.66/share to $25.48. In the past year, the shares have traded as low as $21.38 and as high as $43.01. On average, 42854850 shares of C exchange hands on a given day and today's volume is recorded at 11529998. 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 $30.07 area where the stock may encounter resistance.
Shares of Microsoft Corporation (MSFT) traded higher by 0.18% or $0.05/share to $28.6. In the past year, the shares have traded as low as $23.02 and as high as $32.74. On average, 44959080 shares of MSFT exchange hands on a given day and today's volume is recorded at 11205909. 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 $30.77 represents resistance and the 200-day moving average of $28.09 would be an area of support.
