The following stocks were detected to be trading among the most active on September 5: Bank of America Corporation, SPDR S&P 500, Financial Select Sector SPDR, iShares Russell 2000 Index, and iShares MSCI Emerging Markets 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 Bank of America Corporation (BAC) fell by 8.34% or $-0.66/share to $7.25. In the past year, the shares have traded as low as $6.00 and as high as $15.27. On average, 244584090 shares of BAC exchange hands on a given day and today's volume is recorded at 305174880. 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 $9.08 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) fell by 2.55% or $-3.08/share to $117.85. In the past year, the shares have traded as low as $106.36 and as high as $136.51. On average, 271127310 shares of SPY exchange hands on a given day and today's volume is recorded at 254788528. 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 $125.60 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) fell by 4.13% or $-0.54/share to $12.54. In the past year, the shares have traded as low as $11.81 and as high as $17.09. On average, 108897250 shares of XLF exchange hands on a given day and today's volume is recorded at 106252912. 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 $14.11 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Russell 2000 Index (IWM) fell by 3.7% or $-2.63/share to $68.46. In the past year, the shares have traded as low as $61.52 and as high as $86.55. On average, 79808490 shares of IWM exchange hands on a given day and today's volume is recorded at 75886912. 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 $76.69 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 2.26% or $-0.96/share to $41.56. In the past year, the shares have traded as low as $38.71 and as high as $49.93. On average, 62320850 shares of EEM exchange hands on a given day and today's volume is recorded at 69255168. 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 $44.51 area but be careful because the stock may face selling pressure at this level.
