The following stocks were detected to be trading among the most active on September 16: SPDR S&P 500, Bank of America Corporation, Research In Motion Limited, General Electric Co, and PowerShares QQQ. 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 0.78% or $-0.95/share to $120.48. In the past year, the shares have traded as low as $110.15 and as high as $136.51. On average, 284134130 shares of SPY exchange hands on a given day and today's volume is recorded at 104095952. 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 $123.37 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) fell by 2.59% or $-0.19/share to $7.14. In the past year, the shares have traded as low as $6.00 and as high as $15.27. On average, 256182000 shares of BAC exchange hands on a given day and today's volume is recorded at 102206336. 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 $8.41 area but be careful because the stock may face selling pressure at this level.
Shares of Research In Motion Limited (RIMM) fell by 16.93% or $-5.00/share to $24.54. In the past year, the shares have traded as low as $21.60 and as high as $70.54. On average, 25381140 shares of RIMM exchange hands on a given day and today's volume is recorded at 57217920. 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 $27.50 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Co. (GE) traded higher by 0.19% or $0.03/share to $16.11. In the past year, the shares have traded as low as $14.58 and as high as $21.13. On average, 73179650 shares of GE exchange hands on a given day and today's volume is recorded at 41674968. 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 $16.66 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) fell by 0.05% or $-0.03/share to $56.15. In the past year, the shares have traded as low as $47.17 and as high as $59.83. On average, 79089460 shares of QQQ exchange hands on a given day and today's volume is recorded at 38606924. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $56.09 area.
