The following stocks were detected to be trading among the most active on September 20: SPDR S&P 500, Bank of America Corporation, PowerShares QQQ, Financial Select Sector SPDR, and Intel Corporation. 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 1.04% or $1.25/share to $121.56. In the past year, the shares have traded as low as $109.71 and as high as $135.81. On average, 283876260 shares of SPY exchange hands on a given day and today's volume is recorded at 62526464. 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 $122.20 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) remained unchanged at $6.99. In the past year, the shares have traded as low as $6.00 and as high as $15.27. On average, 258099490 shares of BAC exchange hands on a given day and today's volume is recorded at 45977632. 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 $8.26 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) traded higher by 0.95% or $0.54/share to $57.15. In the past year, the shares have traded as low as $47.76 and as high as $59.72. On average, 79530730 shares of QQQ exchange hands on a given day and today's volume is recorded at 19224096. 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 $56.02 area.
Shares of Financial Select Sector SPDR (XLF) traded higher by 0.92% or $0.12/share to $12.68. In the past year, the shares have traded as low as $11.77 and as high as $17.04. On average, 108770090 shares of XLF exchange hands on a given day and today's volume is recorded at 18142816. 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 $13.48 area but be careful because the stock may face selling pressure at this level.
Shares of Intel Corporation (INTC) traded higher by 0.91% or $0.20/share to $22.13. In the past year, the shares have traded as low as $18.07 and as high as $23.73. On average, 56656160 shares of INTC exchange hands on a given day and today's volume is recorded at 17917064. 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 $21.10 area.
