The following stocks were detected to be trading among the most active on October 24: Bank of America Corporation, SPDR S&P 500, Financial Select Sector SPDR, iShares MSCI Emerging Markets Index, and Ford Motor Co. 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 2.76% or $0.18/share to $6.64. In the past year, the shares have traded as low as $5.13 and as high as $15.27. On average, 299175960 shares of BAC exchange hands on a given day and today's volume is recorded at 69830176. 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 $6.81 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) traded higher by 0.81% or $1.00/share to $124.98. In the past year, the shares have traded as low as $107.43 and as high as $135.80. On average, 315458140 shares of SPY exchange hands on a given day and today's volume is recorded at 55782336. 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 $126.56 represents resistance and the 50-day moving average of $117.76 would be an area of support.
Shares of Financial Select Sector SPDR (XLF) traded higher by 1.6% or $0.21/share to $13.34. In the past year, the shares have traded as low as $10.95 and as high as $17.03. On average, 125629440 shares of XLF exchange hands on a given day and today's volume is recorded at 35324864. 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 $14.89 represents resistance and the 50-day moving average of $12.45 would be an area of support.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 2.73% or $1.06/share to $39.92. In the past year, the shares have traded as low as $33.42 and as high as $49.92. On average, 79408220 shares of EEM exchange hands on a given day and today's volume is recorded at 27413614. 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 $44.73 represents resistance and the 50-day moving average of $39.18 would be an area of support.
Shares of Ford Motor Co. (F) traded higher by 2.08% or $0.26/share to $12.52. In the past year, the shares have traded as low as $9.05 and as high as $18.98. On average, 74237680 shares of F exchange hands on a given day and today's volume is recorded at 26207672. 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 $13.67 represents resistance and the 50-day moving average of $10.63 would be an area of support.
