The following stocks were detected to be trading among the most active on August 19: SPDR S&P 500, Bank of America Corporation, Hewlett-Packard Company, SIRIUS XM Radio Inc, and iShares Russell 2000 Index. 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 SPDR S&P 500 (SPY) traded higher by 0.57% or $0.65/share to $115.16. In the past year, the shares have traded as low as $102.25 and as high as $136.51. On average, 252788200 shares of SPY exchange hands on a given day and today's volume is recorded at 91213104. 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 $127.54 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) traded higher by 1.28% or $0.09/share to $7.1. In the past year, the shares have traded as low as $6.31 and as high as $15.29. On average, 198111850 shares of BAC exchange hands on a given day and today's volume is recorded at 62220348. 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 $9.74 area but be careful because the stock may face selling pressure at this level.
Shares of Hewlett-Packard Company (HPQ) fell by 20.84% or $-6.15/share to $23.36. In the past year, the shares have traded as low as $28.64 and as high as $49.13. On average, 21482880 shares of HPQ exchange hands on a given day and today's volume is recorded at 48298048. 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 $34.65 area but be careful because the stock may face selling pressure at this level.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 1.19% or $0.02/share to $1.8. In the past year, the shares have traded as low as $0.95 and as high as $2.44. On average, 91588920 shares of SIRI exchange hands on a given day and today's volume is recorded at 38904664. 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 iShares Russell 2000 Index (IWM) traded higher by 0.68% or $0.45/share to $66.9. In the past year, the shares have traded as low as $58.09 and as high as $86.55. On average, 77323440 shares of IWM exchange hands on a given day and today's volume is recorded at 31354484. 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 $78.55 area but be careful because the stock may face selling pressure at this level.
