The following stocks were detected to be trading among the most active on August 9: Bank of America Corporation, SPDR S&P 500, iShares Russell 2000 Index, Ford Motor Co, 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 Bank of America Corporation (BAC) traded higher by 6.91% or $0.45/share to $6.96. In the past year, the shares have traded as low as $6.31 and as high as $15.29. On average, 172697930 shares of BAC exchange hands on a given day and today's volume is recorded at 167319120. 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 $10.36 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) traded higher by 2.48% or $2.78/share to $115.04. In the past year, the shares have traded as low as $102.24 and as high as $136.50. On average, 217389310 shares of SPY exchange hands on a given day and today's volume is recorded at 155900400. 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 $127.86 area where the stock may encounter resistance.
Shares of iShares Russell 2000 Index (IWM) traded higher by 3.69% or $2.40/share to $67.52. In the past year, the shares have traded as low as $58.09 and as high as $86.54. On average, 71220580 shares of IWM exchange hands on a given day and today's volume is recorded at 54050576. 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 $79.30 area where the stock may encounter resistance.
Shares of Ford Motor Co. (F) traded higher by 7.53% or $0.75/share to $10.68. In the past year, the shares have traded as low as $9.87 and as high as $18.97. On average, 67070039 shares of F exchange hands on a given day and today's volume is recorded at 47265828. 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 $13.17 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) traded higher by 3.0% or $1.52/share to $52.11. In the past year, the shares have traded as low as $42.63 and as high as $59.83. On average, 63046900 shares of QQQ exchange hands on a given day and today's volume is recorded at 43428992. 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 $55.95 area where the stock may encounter resistance.
