The following stocks were detected to be trading among the most active on July 28: Sprint Nextel Corp, SPDR S&P 500, Alcatel-Lucent, Bank of America Corporation, 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 Sprint Nextel Corp. (S) fell by 17.25% or $-0.89/share to $4.27. In the past year, the shares have traded as low as $3.70 and as high as $6.45. On average, 52134030 shares of S exchange hands on a given day and today's volume is recorded at 77407360. 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 $4.70 area where the stock may encounter resistance.
Shares of SPDR S&P 500 (SPY) traded higher by 0.3% or $0.39/share to $130.99. In the past year, the shares have traded as low as $102.24 and as high as $136.50. On average, 184344030 shares of SPY exchange hands on a given day and today's volume is recorded at 46977140. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $130.96 area where the stock will likely see buying pressure.
Shares of Alcatel-Lucent (ALU) fell by 16.29% or $-0.80/share to $4.11. In the past year, the shares have traded as low as $2.46 and as high as $6.63. On average, 26952200 shares of ALU exchange hands on a given day and today's volume is recorded at 43149120. 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 $4.54 area where the stock may encounter resistance.
Shares of Bank of America Corporation (BAC) traded higher by 1.34% or $0.13/share to $9.81. In the past year, the shares have traded as low as $9.40 and as high as $15.29. On average, 150231070 shares of BAC exchange hands on a given day and today's volume is recorded at 25667820. 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 $10.77 area but be careful because the stock may face selling pressure at this level.
Shares of Boston Scientific Corporation (BSX) traded higher by 9.61% or $0.65/share to $7.36. In the past year, the shares have traded as low as $5.04 and as high as $7.97. On average, 20453070 shares of BSX exchange hands on a given day and today's volume is recorded at 21558862. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $7.04 area.
