The most popular stocks searched on Google Finance for March 29 are Best Buy Co., Inc, Deer Consumer Products, Inc, Red Hat, Inc, Movado Group, Inc, and Illumina, Inc. These companies may be the most popular because of upcoming earnings, breaking news, extreme price movements, or other attention grabbing activities. Pay attention to these companies as they may have some hype that can create volatility which is great for trading.
Best Buy Co., Inc. (NYSE: BBY): fell by 7.34% or $-1.955/share to $24.66. In the past year, the shares have traded as low as $21.79 and as high as $32.85. On average, 5565520 shares of BBY exchange hands on a given day and today's volume is recorded at 24032036. 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 $25.34 area where the stock may encounter resistance.
Deer Consumer Products, Inc. (NASDAQ: DEER): traded higher by 49.69% or $1.5801/share to $4.76. In the past year, the shares have traded as low as $3.07 and as high as $10.50. On average, 118679 shares of DEER exchange hands on a given day and today's volume is recorded at 2279260. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $4.76 represents resistance and the 50-day moving average of $4.01 would be an area of support.
Red Hat, Inc. (NYSE: RHT): traded higher by 18.31% or $9.41/share to $60.80. In the past year, the shares have traded as low as $31.77 and as high as $54.01. On average, 1611390 shares of RHT exchange hands on a given day and today's volume is recorded at 11950223. 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 $50.00 area where the stock will likely see buying pressure.
Movado Group, Inc (NYSE: MOV): traded higher by 9.97% or $2.22/share to $24.49. In the past year, the shares have traded as low as $10.93 and as high as $22.65. On average, 152510 shares of MOV exchange hands on a given day and today's volume is recorded at 332621. 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 $21.14 area where the stock will likely see buying pressure.
Illumina, Inc. (NASDAQ: ILMN): traded higher by 4.37% or $2.18/share to $52.06. In the past year, the shares have traded as low as $25.57 and as high as $79.40. On average, 3115380 shares of ILMN exchange hands on a given day and today's volume is recorded at 11355740. 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 $51.26 area where the stock will likely see buying pressure.
