The following stocks were detected to be trading among the most active on October 7: SPDR S&P 500, Bank of America Corporation, Sprint Nextel Corp, 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 SPDR S&P 500 (SPY) traded higher by 0.14% or $0.16/share to $116.65. In the past year, the shares have traded as low as $107.43 and as high as $135.80. On average, 306639130 shares of SPY exchange hands on a given day and today's volume is recorded at 97492808. 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 $117.85 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) fell by 3.42% or $-0.21/share to $6.07. In the past year, the shares have traded as low as $5.13 and as high as $15.28. On average, 285935610 shares of BAC exchange hands on a given day and today's volume is recorded at 75065288. 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 $7.29 area but be careful because the stock may face selling pressure at this level.
Shares of Sprint Nextel Corp. (S) traded higher by 5.78% or $0.17/share to $3.18. In the past year, the shares have traded as low as $2.25 and as high as $6.44. On average, 65624440 shares of S exchange hands on a given day and today's volume is recorded at 67540416. 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 $3.41 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) fell by 1.1% or $-0.14/share to $12.14. In the past year, the shares have traded as low as $10.95 and as high as $17.04. On average, 120005340 shares of XLF exchange hands on a given day and today's volume is recorded at 36093568. 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 $12.69 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Russell 2000 Index (IWM) fell by 0.22% or $-0.15/share to $66.99. In the past year, the shares have traded as low as $60.09 and as high as $86.22. On average, 88108060 shares of IWM exchange hands on a given day and today's volume is recorded at 34232816. 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 $69.15 area but be careful because the stock may face selling pressure at this level.
