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Friday, April 6, 2012

Extremely Active Services Stocks (GOOG) (IBM) (BBBY) (T) (AMZN)

Google Inc (NASDAQ: GOOG): fell by 0.45% or $-2.83/share to $632.32. In the past year, the shares have traded as low as $473.02 and as high as $670.25. On average, 2647450 shares of GOOG exchange hands on a given day and today's volume is recorded at 2319712. 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 $624.34 area where the stock will likely see buying pressure.

Intl. Business Machines (NYSE: IBM): fell by 0.28% or $-0.58/share to $205.47. In the past year, the shares have traded as low as $157.13 and as high as $210.69. On average, 4415210 shares of IBM exchange hands on a given day and today's volume is recorded at 3809119. 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 $202.02 area where the stock will likely see buying pressure.

Bed Bath & Beyond Inc. (NASDAQ: BBBY): traded higher by 8.49% or $5.62/share to $71.85. In the past year, the shares have traded as low as $48.75 and as high as $72.75. On average, 2907370 shares of BBBY exchange hands on a given day and today's volume is recorded at 10641781. 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 $63.45 area where the stock will likely see buying pressure.

AT&T Inc. (NYSE: T): fell by 0.61% or $-0.19/share to $30.94. In the past year, the shares have traded as low as $27.29 and as high as $31.97. On average, 27705400 shares of T exchange hands on a given day and today's volume is recorded at 21473770. 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 $31.09 represents resistance and the 200-day moving average of $29.69 would be an area of support.

Amazon.com, Inc. (NASDAQ: AMZN): traded higher by 0.21% or $0.4/share to $194.39. In the past year, the shares have traded as low as $166.97 and as high as $246.71. On average, 5985280 shares of AMZN exchange hands on a given day and today's volume is recorded at 3217777. 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 $198.12 represents resistance and the 50-day moving average of $188.03 would be an area of support.