The following stocks were detected to be trading among the most active on June 14: Bank of America Corporation, SPDR S&P 500, Nokia Corporation, Financial Select Sector SPDR, and Cisco Systems, 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 Bank of America Corporation (BAC) fell by 0.41% or $-0.04/share to $10.93. In the past year, the shares have traded as low as $10.41 and as high as $16.06. On average, 133445390 shares of BAC exchange hands on a given day and today's volume is recorded at 58952944. 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 $12.15 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) traded higher by 1.28% or $1.63/share to $129.33. In the past year, the shares have traded as low as $99.64 and as high as $137.18. On average, 167906510 shares of SPY exchange hands on a given day and today's volume is recorded at 52566872. 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 $132.89 represents resistance and the 200-day moving average of $124.99 would be an area of support.
Shares of Nokia Corporation (NOK) traded higher by 3.93% or $0.24/share to $6.35. In the past year, the shares have traded as low as $6.11 and as high as $11.06. On average, 31316780 shares of NOK exchange hands on a given day and today's volume is recorded at 36672028. 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 $8.00 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) traded higher by 1.03% or $0.15/share to $15.14. In the past year, the shares have traded as low as $13.19 and as high as $17.17. On average, 70089820 shares of XLF exchange hands on a given day and today's volume is recorded at 30411468. 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 $15.59 area where the stock may encounter resistance.
Shares of Cisco Systems, Inc. (CSCO) fell by 0.63% or $-0.09/share to $14.97. In the past year, the shares have traded as low as $15.02 and as high as $25.92. On average, 75957580 shares of CSCO exchange hands on a given day and today's volume is recorded at 29540352. 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 $16.84 area but be careful because the stock may face selling pressure at this level.
