The following stocks were detected to be trading among the most active on August 22: Bank of America Corporation, SPDR S&P 500, SIRIUS XM Radio Inc, Hewlett-Packard Company, and Ford Motor Co. 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) fell by 1.31% or $-0.09/share to $6.88. In the past year, the shares have traded as low as $6.31 and as high as $15.29. On average, 200740450 shares of BAC exchange hands on a given day and today's volume is recorded at 62205020. 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 $9.67 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) traded higher by 1.41% or $1.59/share to $114.23. In the past year, the shares have traded as low as $102.25 and as high as $136.51. On average, 257616650 shares of SPY exchange hands on a given day and today's volume is recorded at 54312044. 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 $127.22 area but be careful because the stock may face selling pressure at this level.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 1.69% or $-0.03/share to $1.74. In the past year, the shares have traded as low as $0.95 and as high as $2.44. On average, 91802900 shares of SIRI exchange hands on a given day and today's volume is recorded at 23680722. 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 $1.82 area where the stock may encounter resistance.
Shares of Hewlett-Packard Company (HPQ) traded higher by 5.93% or $1.40/share to $25.0. In the past year, the shares have traded as low as $22.75 and as high as $49.13. On average, 23016630 shares of HPQ exchange hands on a given day and today's volume is recorded at 19345008. 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 $34.42 area but be careful because the stock may face selling pressure at this level.
Shares of Ford Motor Co. (F) traded higher by 0.7% or $0.07/share to $10.06. In the past year, the shares have traded as low as $9.87 and as high as $18.97. On average, 73369690 shares of F exchange hands on a given day and today's volume is recorded at 15906984. 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 $12.57 area but be careful because the stock may face selling pressure at this level.
