The following stocks were detected to be trading among the most active on September 27: SPDR S&P 500, Bank of America Corporation, Financial Select Sector SPDR, iShares MSCI Emerging Markets Index, and Direxion Daily Financial Bull 3X Shares. 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 2.12% or $2.46/share to $118.7. In the past year, the shares have traded as low as $109.70 and as high as $135.80. On average, 292133680 shares of SPY exchange hands on a given day and today's volume is recorded at 72109464. 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 $120.70 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) traded higher by 2.88% or $0.19/share to $6.79. In the past year, the shares have traded as low as $6.00 and as high as $15.27. On average, 274326900 shares of BAC exchange hands on a given day and today's volume is recorded at 60262712. 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 $7.89 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) traded higher by 2.87% or $0.35/share to $12.55. In the past year, the shares have traded as low as $11.34 and as high as $17.03. On average, 112122770 shares of XLF exchange hands on a given day and today's volume is recorded at 46264812. 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 $13.18 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 3.62% or $1.32/share to $37.74. In the past year, the shares have traded as low as $34.71 and as high as $49.93. On average, 68926240 shares of EEM exchange hands on a given day and today's volume is recorded at 31288708. 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 $42.08 area but be careful because the stock may face selling pressure at this level.
Shares of Direxion Daily Financial Bull 3X Shares (FAS) traded higher by 8.31% or $0.97/share to $12.64. In the past year, the shares have traded as low as $8.72 and as high as $34.29. On average, 47083920 shares of FAS exchange hands on a given day and today's volume is recorded at 25154992. 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 $16.11 area but be careful because the stock may face selling pressure at this level.
