The following stocks were detected to be trading among the most active on July 15: Petrohawk Energy Corporation, SPDR S&P 500, Bank of America Corporation, News Corp, and PowerShares QQQ. 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 Petrohawk Energy Corporation (HK) traded higher by 62.76% or $14.74/share to $38.23. In the past year, the shares have traded as low as $14.32 and as high as $27.45. On average, 6793180 shares of HK exchange hands on a given day and today's volume is recorded at 214361264. 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 $24.67 area where the stock will likely see buying pressure.
Shares of SPDR S&P 500 (SPY) traded higher by 0.21% or $0.27/share to $131.21. In the past year, the shares have traded as low as $102.24 and as high as $136.51. On average, 179954050 shares of SPY exchange hands on a given day and today's volume is recorded at 73102992. 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 $131.16 area where the stock will likely see buying pressure.
Shares of Bank of America Corporation (BAC) fell by 0.25% or $-0.03/share to $10.05. In the past year, the shares have traded as low as $10.07 and as high as $15.65. On average, 146313110 shares of BAC exchange hands on a given day and today's volume is recorded at 52486536. 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 $11.19 area but be careful because the stock may face selling pressure at this level.
Shares of News Corp. (NWSA) fell by 0.19% or $-0.03/share to $15.41. In the past year, the shares have traded as low as $11.79 and as high as $18.35. On average, 22410820 shares of NWSA exchange hands on a given day and today's volume is recorded at 34265596. 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 $15.88 area where the stock may encounter resistance.
Shares of PowerShares QQQ (QQQ) traded higher by 0.84% or $0.48/share to $57.57. In the past year, the shares have traded as low as $42.63 and as high as $59.36. On average, 53364380 shares of QQQ exchange hands on a given day and today's volume is recorded at 30938244. 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 $56.79 area where the stock will likely see buying pressure.
