The following stocks were detected to be trading among the most active on September 23: SPDR S&P 500, Bank of America Corporation, Financial Select Sector SPDR, iShares MSCI Emerging Markets Index, and iShares Russell 2000 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 SPDR S&P 500 (SPY) traded higher by 0.59% or $0.67/share to $113.53. In the past year, the shares have traded as low as $109.71 and as high as $135.80. On average, 292012720 shares of SPY exchange hands on a given day and today's volume is recorded at 125179448. 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 $121.33 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) traded higher by 3.88% or $0.24/share to $6.3. In the past year, the shares have traded as low as $6.00 and as high as $15.28. On average, 267622159 shares of BAC exchange hands on a given day and today's volume is recorded at 104967840. 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 $8.04 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) traded higher by 0.87% or $0.10/share to $11.66. In the past year, the shares have traded as low as $11.34 and as high as $17.03. On average, 111301190 shares of XLF exchange hands on a given day and today's volume is recorded at 49712064. 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 $13.29 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 2.32% or $0.81/share to $35.76. In the past year, the shares have traded as low as $34.70 and as high as $49.92. On average, 67530700 shares of EEM exchange hands on a given day and today's volume is recorded at 40941600. 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 $42.50 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Russell 2000 Index (IWM) traded higher by 0.74% or $0.48/share to $65.21. In the past year, the shares have traded as low as $63.49 and as high as $86.54. On average, 83441600 shares of IWM exchange hands on a given day and today's volume is recorded at 34839708. 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 $72.83 area but be careful because the stock may face selling pressure at this level.
