The following stocks were detected to be trading among the most active on June 22: SPDR S&P 500, Financial Select Sector SPDR, Bank of America Corporation, SIRIUS XM Radio Inc, and Research In Motion Limited. 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 0.03% or $-0.04/share to $129.41. In the past year, the shares have traded as low as $99.14 and as high as $136.51. On average, 162847390 shares of SPY exchange hands on a given day and today's volume is recorded at 30044856. 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 $131.65 represents resistance and the 200-day moving average of $125.03 would be an area of support.
Shares of Financial Select Sector SPDR (XLF) traded higher by 0.36% or $0.05/share to $15.15. In the past year, the shares have traded as low as $13.14 and as high as $17.10. On average, 68468480 shares of XLF exchange hands on a given day and today's volume is recorded at 23177020. 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 $15.57 area where the stock may encounter resistance.
Shares of Bank of America Corporation (BAC) traded higher by 0.46% or $0.05/share to $10.88. In the past year, the shares have traded as low as $10.40 and as high as $15.86. On average, 133395709 shares of BAC exchange hands on a given day and today's volume is recorded at 17407376. 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 $11.80 area but be careful because the stock may face selling pressure at this level.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 2.8% or $0.06/share to $2.06. In the past year, the shares have traded as low as $0.90 and as high as $2.44. On average, 80995210 shares of SIRI exchange hands on a given day and today's volume is recorded at 13087249. 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 $2.08 represents resistance and the 200-day moving average of $1.66 would be an area of support.
Shares of Research In Motion Limited (RIMM) fell by 2.91% or $-0.83/share to $27.72. In the past year, the shares have traded as low as $25.82 and as high as $70.53. On average, 18248260 shares of RIMM exchange hands on a given day and today's volume is recorded at 13080685. 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 $44.53 area but be careful because the stock may face selling pressure at this level.
