The following stocks were detected to be trading among the most active on September 12: Bank of America Corporation, SPDR S&P 500, Financial Select Sector SPDR, iShares Russell 2000 Index, and Global Industries Ltd. 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 0.29% or $0.02/share to $7.0. In the past year, the shares have traded as low as $6.00 and as high as $15.27. On average, 253566780 shares of BAC exchange hands on a given day and today's volume is recorded at 97737840. 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 $8.72 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) fell by 1.05% or $-1.22/share to $114.7. In the past year, the shares have traded as low as $108.69 and as high as $136.50. On average, 279188050 shares of SPY exchange hands on a given day and today's volume is recorded at 97912608. 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 $124.54 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) fell by 1.06% or $-0.13/share to $12.1. In the past year, the shares have traded as low as $11.81 and as high as $17.09. On average, 110223330 shares of XLF exchange hands on a given day and today's volume is recorded at 46370944. 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 $13.87 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Russell 2000 Index (IWM) fell by 0.96% or $-0.65/share to $66.85. In the past year, the shares have traded as low as $62.58 and as high as $86.55. On average, 81064270 shares of IWM exchange hands on a given day and today's volume is recorded at 34548084. 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 $75.51 area but be careful because the stock may face selling pressure at this level.
Shares of Global Industries Ltd. (GLBL) traded higher by 51.17% or $2.63/share to $7.78. In the past year, the shares have traded as low as $3.09 and as high as $10.22. On average, 1583020 shares of GLBL exchange hands on a given day and today's volume is recorded at 32234244. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $6.76 area.
