The following stocks were detected to be trading among the most active on August 25: Bank of America Corporation, SPDR S&P 500, Financial Select Sector SPDR, Direxion Daily Financial Bull 3X Shares, and Citigroup, 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 Bank of America Corporation (BAC) traded higher by 12.3% or $0.86/share to $7.85. In the past year, the shares have traded as low as $6.01 and as high as $15.29. On average, 219428670 shares of BAC exchange hands on a given day and today's volume is recorded at 400499680. 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 $9.41 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) fell by 1.35% or $-1.59/share to $116.49. In the past year, the shares have traded as low as $102.24 and as high as $136.50. On average, 263150880 shares of SPY exchange hands on a given day and today's volume is recorded at 101503584. 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 $126.51 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) traded higher by 0.31% or $0.04/share to $12.74. In the past year, the shares have traded as low as $11.81 and as high as $17.09. On average, 106130600 shares of XLF exchange hands on a given day and today's volume is recorded at 76905480. 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 $14.33 area but be careful because the stock may face selling pressure at this level.
Shares of Direxion Daily Financial Bull 3X Shares (FAS) fell by 0.22% or $-0.03/share to $13.59. In the past year, the shares have traded as low as $8.72 and as high as $34.29. On average, 34038170 shares of FAS exchange hands on a given day and today's volume is recorded at 39453084. 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 $21.11 area but be careful because the stock may face selling pressure at this level.
Shares of Citigroup, Inc. (C) traded higher by 3.69% or $1.05/share to $29.5. In the past year, the shares have traded as low as $25.40 and as high as $51.47. On average, 47324010 shares of C exchange hands on a given day and today's volume is recorded at 37011480. 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 $36.54 area but be careful because the stock may face selling pressure at this level.
