The following stocks were detected to be trading among the most active on July 12: Annaly Capital Management, Inc, SPDR S&P 500, Bank of America Corporation, News Corp, and Radiant Systems Inc. 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 Annaly Capital Management, Inc. (NLY) fell by 1.58% or $-0.29/share to $18.03. In the past year, the shares have traded as low as $14.50 and as high as $18.58. On average, 12315340 shares of NLY exchange hands on a given day and today's volume is recorded at 80152288. 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 $17.65 area where the stock will likely see buying pressure.
Shares of SPDR S&P 500 (SPY) fell by 0.01% or $-0.01/share to $131.96. In the past year, the shares have traded as low as $102.24 and as high as $136.51. On average, 177370280 shares of SPY exchange hands on a given day and today's volume is recorded at 49434564. 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 $131.41 area where the stock will likely see buying pressure.
Shares of Bank of America Corporation (BAC) traded higher by 0.05% or $0.01/share to $10.35. In the past year, the shares have traded as low as $10.30 and as high as $15.66. On average, 144415510 shares of BAC exchange hands on a given day and today's volume is recorded at 41909552. 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 $11.31 area but be careful because the stock may face selling pressure at this level.
Shares of News Corp. (NWSA) traded higher by 1.74% or $0.27/share to $15.75. In the past year, the shares have traded as low as $11.79 and as high as $18.35. On average, 17329110 shares of NWSA exchange hands on a given day and today's volume is recorded at 36192088. 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 $15.85 area where the stock may encounter resistance.
Shares of Radiant Systems Inc. (RADS) traded higher by 30.63% or $6.57/share to $28.02. In the past year, the shares have traded as low as $13.06 and as high as $23.03. On average, 338220 shares of RADS exchange hands on a given day and today's volume is recorded at 25101540. 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 $20.16 area where the stock will likely see buying pressure.
