The following stocks were detected to be trading among the most active on June 15: SPDR S&P 500, Bank of America Corporation, Nokia Corporation, Ford Motor Co, and Boston Scientific Corporation. 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 SPDR S&P 500 (SPY) fell by 0.66% or $-0.85/share to $128.47. In the past year, the shares have traded as low as $99.64 and as high as $137.18. On average, 167101380 shares of SPY exchange hands on a given day and today's volume is recorded at 44143768. 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 $132.81 represents resistance and the 200-day moving average of $125.12 would be an area of support.
Shares of Bank of America Corporation (BAC) fell by 2.08% or $-0.22/share to $10.57. In the past year, the shares have traded as low as $10.40 and as high as $16.04. On average, 134397470 shares of BAC exchange hands on a given day and today's volume is recorded at 39725080. 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 $12.08 area but be careful because the stock may face selling pressure at this level.
Shares of Nokia Corporation (NOK) fell by 3.19% or $-0.20/share to $6.06. In the past year, the shares have traded as low as $6.11 and as high as $11.06. On average, 31931880 shares of NOK exchange hands on a given day and today's volume is recorded at 26460672. 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 $7.96 area but be careful because the stock may face selling pressure at this level.
Shares of Ford Motor Co. (F) fell by 2.44% or $-0.33/share to $13.1. In the past year, the shares have traded as low as $9.75 and as high as $18.97. On average, 64117300 shares of F exchange hands on a given day and today's volume is recorded at 23962974. 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 $14.85 area but be careful because the stock may face selling pressure at this level.
Shares of Boston Scientific Corporation (BSX) traded higher by 3.41% or $0.23/share to $6.97. In the past year, the shares have traded as low as $5.04 and as high as $7.96. On average, 20265220 shares of BSX exchange hands on a given day and today's volume is recorded at 18454466. 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 $7.09 represents resistance and the 200-day moving average of $6.83 would be an area of support.
