The following stocks were detected to be trading among the most active on September 29: SPDR S&P 500, Bank of America Corporation, Financial Select Sector SPDR, SIRIUS XM Radio Inc, and Advanced Micro Devices, 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) traded higher by 0.75% or $0.86/share to $116.0. In the past year, the shares have traded as low as $109.70 and as high as $135.80. On average, 296250030 shares of SPY exchange hands on a given day and today's volume is recorded at 98598576. 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 $120.11 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) traded higher by 3.0% or $0.18/share to $6.34. In the past year, the shares have traded as low as $6.00 and as high as $15.26. On average, 276476870 shares of BAC exchange hands on a given day and today's volume is recorded at 79402104. 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 $7.75 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) traded higher by 2.18% or $0.26/share to $12.17. In the past year, the shares have traded as low as $11.34 and as high as $17.03. On average, 114400930 shares of XLF exchange hands on a given day and today's volume is recorded at 33441104. 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 $13.07 area but be careful because the stock may face selling pressure at this level.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 3.01% or $-0.05/share to $1.61. In the past year, the shares have traded as low as $1.17 and as high as $2.44. On average, 86683750 shares of SIRI exchange hands on a given day and today's volume is recorded at 33039880. 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 $1.85 area but be careful because the stock may face selling pressure at this level.
Shares of Advanced Micro Devices, Inc. (AMD) fell by 11.71% or $-0.72/share to $5.43. In the past year, the shares have traded as low as $5.60 and as high as $9.58. On average, 24937460 shares of AMD exchange hands on a given day and today's volume is recorded at 32580704. 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 $6.65 area but be careful because the stock may face selling pressure at this level.
