The following stocks were detected to be trading among the most active on June 4: Citigroup, Inc, Facebook, Inc, Wells Fargo & Company, Chesapeake Energy Corporation, 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 Citigroup, Inc. (C) fell by 2.19% or $-0.56/share to $24.83. In the past year, the shares have traded as low as $21.38 and as high as $43.00. On average, 42750640 shares of C exchange hands on a given day and today's volume is recorded at 15385097. 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 $30.09 area where the stock may encounter resistance.
Shares of Facebook, Inc. (FB) fell by 2.49% or $-0.69/share to $27.03. In the past year, the shares have traded as low as $26.83 and as high as $45.00. On average, 129335850 shares of FB exchange hands on a given day and today's volume is recorded at 15377101. 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 $31.46 area but be careful because the stock may face selling pressure at this level.
Shares of Wells Fargo & Company (WFC) fell by 0.07% or $-0.02/share to $30.14. In the past year, the shares have traded as low as $22.24 and as high as $34.37. On average, 29195580 shares of WFC exchange hands on a given day and today's volume is recorded at 15193198. 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 $32.91 represents resistance and the 200-day moving average of $28.46 would be an area of support.
Shares of Chesapeake Energy Corporation (CHK) traded higher by 1.48% or $0.23/share to $15.81. In the past year, the shares have traded as low as $13.32 and as high as $35.35. On average, 30140370 shares of CHK exchange hands on a given day and today's volume is recorded at 14168607. 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 $18.53 area but be careful because the stock may face selling pressure at this level.
Shares of Microsoft Corporation (MSFT) fell by 0.12% or $-0.03/share to $28.42. In the past year, the shares have traded as low as $23.02 and as high as $32.74. On average, 44949520 shares of MSFT exchange hands on a given day and today's volume is recorded at 13969045. 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 $30.84 represents resistance and the 200-day moving average of $28.08 would be an area of support.
