The following stocks were detected to be trading among the most active on July 16: Sprint Nextel Corp, Financial Select Sector SPDR, Intel Corporation, Nokia Corporation, and Alpha Natural Resources, 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 Sprint Nextel Corp. (S) traded higher by 3.9% or $0.13/share to $3.46. In the past year, the shares have traded as low as $2.10 and as high as $5.45. On average, 51791830 shares of S exchange hands on a given day and today's volume is recorded at 30301572. 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 $2.83 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) fell by 0.31% or $-0.05/share to $14.66. In the past year, the shares have traded as low as $10.79 and as high as $15.92. On average, 77012910 shares of XLF exchange hands on a given day and today's volume is recorded at 25332012. 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 $14.27 area where the stock will likely see buying pressure.
Shares of Intel Corporation (INTC) traded higher by 0.08% or $0.02/share to $25.27. In the past year, the shares have traded as low as $18.70 and as high as $29.27. On average, 38414480 shares of INTC exchange hands on a given day and today's volume is recorded at 22634034. 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 $25.60 area where the stock may encounter resistance.
Shares of Nokia Corporation (NOK) fell by 0.27% or $-0.00/share to $1.84. In the past year, the shares have traded as low as $1.77 and as high as $6.85. On average, 38563820 shares of NOK exchange hands on a given day and today's volume is recorded at 21706054. 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 $2.61 area but be careful because the stock may face selling pressure at this level.
Shares of Alpha Natural Resources, Inc. (ANR) fell by 10.29% or $-0.78/share to $6.84. In the past year, the shares have traded as low as $7.16 and as high as $47.20. On average, 14190140 shares of ANR exchange hands on a given day and today's volume is recorded at 21032648. 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 $10.12 area but be careful because the stock may face selling pressure at this level.
