The following stocks were detected to be trading among the most active on September 30: SPDR S&P 500, Bank of America Corporation, Financial Select Sector SPDR, PowerShares QQQ, and SIRIUS XM Radio 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 SPDR S&P 500 (SPY) fell by 1.12% or $-1.30/share to $114.75. In the past year, the shares have traded as low as $109.70 and as high as $135.80. On average, 297087770 shares of SPY exchange hands on a given day and today's volume is recorded at 88550608. 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 $119.79 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) fell by 2.39% or $-0.15/share to $6.2. In the past year, the shares have traded as low as $6.00 and as high as $15.27. On average, 275260680 shares of BAC exchange hands on a given day and today's volume is recorded at 59241296. 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 $7.69 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) fell by 1.96% or $-0.24/share to $12.0. In the past year, the shares have traded as low as $11.34 and as high as $17.03. On average, 114595370 shares of XLF exchange hands on a given day and today's volume is recorded at 40856320. 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 $13.02 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) fell by 1.21% or $-0.65/share to $53.23. In the past year, the shares have traded as low as $47.84 and as high as $59.72. On average, 84620010 shares of QQQ exchange hands on a given day and today's volume is recorded at 33226388. 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 $54.60 area but be careful because the stock may face selling pressure at this level.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 2.68% or $0.04/share to $1.53. In the past year, the shares have traded as low as $1.18 and as high as $2.44. On average, 88460160 shares of SIRI exchange hands on a given day and today's volume is recorded at 30409916. 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 $1.83 area but be careful because the stock may face selling pressure at this level.
