The following stocks were detected to be trading among the most active on June 21: SPDR S&P 500, iShares Russell 2000 Index, Cisco Systems, Inc, Ford Motor Co, and Bank of America 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) traded higher by 0.96% or $1.23/share to $128.93. In the past year, the shares have traded as low as $99.14 and as high as $136.51. On average, 162238900 shares of SPY exchange hands on a given day and today's volume is recorded at 39128576. 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 $131.70 represents resistance and the 200-day moving average of $124.93 would be an area of support.
Shares of iShares Russell 2000 Index (IWM) traded higher by 1.66% or $1.31/share to $80.26. In the past year, the shares have traded as low as $58.12 and as high as $86.81. On average, 58527380 shares of IWM exchange hands on a given day and today's volume is recorded at 21386050. 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 $82.39 represents resistance and the 200-day moving average of $77.10 would be an area of support.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 1.31% or $0.20/share to $15.34. In the past year, the shares have traded as low as $14.78 and as high as $25.91. On average, 75138000 shares of CSCO exchange hands on a given day and today's volume is recorded at 20513886. 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 $16.60 area but be careful because the stock may face selling pressure at this level.
Shares of Ford Motor Co. (F) traded higher by 3.36% or $0.43/share to $13.38. In the past year, the shares have traded as low as $9.75 and as high as $18.98. On average, 62986750 shares of F exchange hands on a given day and today's volume is recorded at 21801592. 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 $14.64 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) traded higher by 0.47% or $0.05/share to $10.65. In the past year, the shares have traded as low as $10.40 and as high as $16.05. On average, 133474989 shares of BAC exchange hands on a given day and today's volume is recorded at 19105916. 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 $11.85 area but be careful because the stock may face selling pressure at this level.
