The following stocks were detected to be trading among the most active on June 20: Nokia Corporation, Cisco Systems, Inc, Citigroup, Inc, Arena Pharmaceuticals, Inc, and iShares Russell 2000 Index. 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 Nokia Corporation (NOK) fell by 1.97% or $-0.05/share to $2.49. In the past year, the shares have traded as low as $2.30 and as high as $6.84. On average, 40529060 shares of NOK exchange hands on a given day and today's volume is recorded at 10793274. 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 $3.12 area but be careful because the stock may face selling pressure at this level.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 2.5% or $0.43/share to $17.61. In the past year, the shares have traded as low as $13.16 and as high as $21.22. On average, 43560930 shares of CSCO exchange hands on a given day and today's volume is recorded at 9373003. 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 $17.95 area but be careful because the stock may face selling pressure at this level.
Shares of Citigroup, Inc. (C) traded higher by 1.12% or $0.32/share to $28.82. In the past year, the shares have traded as low as $21.38 and as high as $43.01. On average, 41164880 shares of C exchange hands on a given day and today's volume is recorded at 8932884. 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 $29.84 area but be careful because the stock may face selling pressure at this level.
Shares of Arena Pharmaceuticals, Inc. (ARNA) traded higher by 5.05% or $0.49/share to $10.19. In the past year, the shares have traded as low as $1.23 and as high as $10.34. On average, 18740760 shares of ARNA exchange hands on a given day and today's volume is recorded at 8214302. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $4.87 area where the stock will likely see buying pressure.
Shares of iShares Russell 2000 Index (IWM) traded higher by 0.11% or $0.09/share to $78.74. In the past year, the shares have traded as low as $59.62 and as high as $84.97. On average, 54428200 shares of IWM exchange hands on a given day and today's volume is recorded at 7975777. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $78.10 area where the stock will likely see buying pressure.
