The following stocks were detected to be trading among the most active on September 7: Bank of America Corporation, SPDR S&P 500, Yahoo! Inc, Financial Select Sector SPDR, 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 Bank of America Corporation (BAC) traded higher by 4.43% or $0.31/share to $7.3. In the past year, the shares have traded as low as $6.00 and as high as $15.27. On average, 249370200 shares of BAC exchange hands on a given day and today's volume is recorded at 70829256. 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 $8.94 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) traded higher by 1.76% or $2.06/share to $119.05. In the past year, the shares have traded as low as $107.39 and as high as $136.51. On average, 274200060 shares of SPY exchange hands on a given day and today's volume is recorded at 49894052. 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 $125.20 area but be careful because the stock may face selling pressure at this level.
Shares of Yahoo! Inc. (YHOO) traded higher by 5.5% or $0.71/share to $13.62. In the past year, the shares have traded as low as $11.09 and as high as $18.84. On average, 27971110 shares of YHOO exchange hands on a given day and today's volume is recorded at 25624782. 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 $13.71 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) traded higher by 3.0% or $0.37/share to $12.69. In the past year, the shares have traded as low as $11.81 and as high as $17.09. On average, 108557880 shares of XLF exchange hands on a given day and today's volume is recorded at 22183292. 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 $14.01 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Russell 2000 Index (IWM) traded higher by 2.39% or $1.63/share to $69.9. In the past year, the shares have traded as low as $62.15 and as high as $86.54. On average, 80203680 shares of IWM exchange hands on a given day and today's volume is recorded at 17315728. 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 $76.23 area but be careful because the stock may face selling pressure at this level.
