The following stocks were detected to be trading among the most active on September 14: SPDR S&P 500, Bank of America Corporation, Financial Select Sector SPDR, iShares MSCI Emerging Markets Index, and Cisco Systems, 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 0.29% or $-0.34/share to $117.4. In the past year, the shares have traded as low as $109.78 and as high as $136.51. On average, 281251010 shares of SPY exchange hands on a given day and today's volume is recorded at 84465640. 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 $123.91 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) fell by 0.57% or $-0.04/share to $6.96. In the past year, the shares have traded as low as $6.00 and as high as $15.27. On average, 255273950 shares of BAC exchange hands on a given day and today's volume is recorded at 71409808. 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 $8.56 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) fell by 0.64% or $-0.08/share to $12.37. In the past year, the shares have traded as low as $11.81 and as high as $17.09. On average, 109798920 shares of XLF exchange hands on a given day and today's volume is recorded at 32895324. 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 $13.74 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 2.3% or $-0.92/share to $39.07. In the past year, the shares have traded as low as $38.71 and as high as $49.92. On average, 64276030 shares of EEM exchange hands on a given day and today's volume is recorded at 29576092. 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 $43.70 area but be careful because the stock may face selling pressure at this level.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 0.43% or $0.07/share to $16.42. In the past year, the shares have traded as low as $13.30 and as high as $24.42. On average, 74009090 shares of CSCO exchange hands on a given day and today's volume is recorded at 27081912. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $17.47 represents resistance and the 50-day moving average of $15.58 would be an area of support.
