The following stocks were detected to be trading among the most active on June 17: SPDR S&P 500, Research In Motion Limited, Bank of America Corporation, Cisco Systems, Inc, and Microsoft 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 0.02% or $0.03/share to $127.32. In the past year, the shares have traded as low as $99.63 and as high as $137.18. On average, 163674880 shares of SPY exchange hands on a given day and today's volume is recorded at 58197340. 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 $132.57 represents resistance and the 200-day moving average of $125.35 would be an area of support.
Shares of Research In Motion Limited (RIMM) fell by 21.77% or $-7.69/share to $27.64. In the past year, the shares have traded as low as $34.67 and as high as $70.55. On average, 14966620 shares of RIMM exchange hands on a given day and today's volume is recorded at 41138776. 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 $46.20 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) traded higher by 0.57% or $0.06/share to $10.66. In the past year, the shares have traded as low as $10.40 and as high as $16.05. On average, 135445700 shares of BAC exchange hands on a given day and today's volume is recorded at 40961404. 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 $11.97 area but be careful because the stock may face selling pressure at this level.
Shares of Cisco Systems, Inc. (CSCO) fell by 0.7% or $-0.11/share to $14.94. In the past year, the shares have traded as low as $14.77 and as high as $25.90. On average, 76288630 shares of CSCO exchange hands on a given day and today's volume is recorded at 28556036. 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 $16.71 area but be careful because the stock may face selling pressure at this level.
Shares of Microsoft Corporation (MSFT) traded higher by 0.96% or $0.23/share to $24.23. In the past year, the shares have traded as low as $22.19 and as high as $29.09. On average, 60185220 shares of MSFT exchange hands on a given day and today's volume is recorded at 25596354. 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 $24.97 area but be careful because the stock may face selling pressure at this level.
