The following stocks were detected to be trading among the most active on September 8: Bank of America Corporation, SPDR S&P 500, iShares MSCI Japan Index, Caliper Life Sciences, Inc, 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 Bank of America Corporation (BAC) fell by 1.4% or $-0.10/share to $7.38. In the past year, the shares have traded as low as $6.00 and as high as $15.28. On average, 250885440 shares of BAC exchange hands on a given day and today's volume is recorded at 63943716. 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 $8.88 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) traded higher by 0.05% or $0.06/share to $120.35. In the past year, the shares have traded as low as $107.65 and as high as $136.50. On average, 274949890 shares of SPY exchange hands on a given day and today's volume is recorded at 59819340. 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 $125.04 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Japan Index (EWJ) fell by 0.73% or $-0.07/share to $9.5. In the past year, the shares have traded as low as $9.16 and as high as $11.53. On average, 28528820 shares of EWJ exchange hands on a given day and today's volume is recorded at 29849129. 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 $10.16 area but be careful because the stock may face selling pressure at this level.
Shares of Caliper Life Sciences, Inc. (CALP) traded higher by 40.32% or $2.98/share to $10.37. In the past year, the shares have traded as low as $3.31 and as high as $8.68. On average, 407910 shares of CALP exchange hands on a given day and today's volume is recorded at 28657147. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $7.70 area where the stock will likely see buying pressure.
Shares of Cisco Systems, Inc. (CSCO) traded higher by 2.83% or $0.45/share to $16.33. In the past year, the shares have traded as low as $13.30 and as high as $24.42. On average, 73861780 shares of CSCO exchange hands on a given day and today's volume is recorded at 25184284. 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 $17.53 represents resistance and the 50-day moving average of $15.52 would be an area of support.
