The following stocks were detected to be trading among the most active on September 6: Bank of America Corporation, SPDR S&P 500, General Electric Co, Financial Select Sector SPDR, and Temple-Inland 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) fell by 4.46% or $-0.32/share to $6.93. In the past year, the shares have traded as low as $6.00 and as high as $15.28. On average, 246243350 shares of BAC exchange hands on a given day and today's volume is recorded at 122160720. 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 $9.02 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) fell by 2.17% or $-2.56/share to $115.29. In the past year, the shares have traded as low as $107.40 and as high as $136.50. On average, 271973890 shares of SPY exchange hands on a given day and today's volume is recorded at 105387792. 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 $125.40 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Co. (GE) fell by 4.28% or $-0.67/share to $15.09. In the past year, the shares have traded as low as $14.75 and as high as $21.33. On average, 66336190 shares of GE exchange hands on a given day and today's volume is recorded at 36580728. 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 $17.33 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) fell by 2.47% or $-0.31/share to $12.23. In the past year, the shares have traded as low as $11.81 and as high as $17.09. On average, 108468850 shares of XLF exchange hands on a given day and today's volume is recorded at 32560868. 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 $14.06 area but be careful because the stock may face selling pressure at this level.
Shares of Temple-Inland Inc. (TIN) traded higher by 25.42% or $6.26/share to $30.89. In the past year, the shares have traded as low as $17.53 and as high as $31.41. On average, 3535150 shares of TIN exchange hands on a given day and today's volume is recorded at 31985144. 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 $28.03 area where the stock will likely see buying pressure.
