The following stocks were detected to be trading among the most active on October 6: SPDR S&P 500, Bank of America Corporation, SIRIUS XM Radio Inc, iShares Russell 2000 Index, 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) traded higher by 0.19% or $0.22/share to $114.64. In the past year, the shares have traded as low as $107.43 and as high as $135.80. On average, 304881800 shares of SPY exchange hands on a given day and today's volume is recorded at 56669368. 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 $118.12 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) fell by 0.35% or $-0.02/share to $5.75. In the past year, the shares have traded as low as $5.13 and as high as $15.27. On average, 283008250 shares of BAC exchange hands on a given day and today's volume is recorded at 40836008. 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 $7.35 area but be careful because the stock may face selling pressure at this level.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 5.44% or $0.08/share to $1.55. In the past year, the shares have traded as low as $1.24 and as high as $2.44. On average, 89531060 shares of SIRI exchange hands on a given day and today's volume is recorded at 26453444. 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 $1.78 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Russell 2000 Index (IWM) traded higher by 0.21% or $0.14/share to $65.82. In the past year, the shares have traded as low as $60.09 and as high as $86.22. On average, 87666760 shares of IWM exchange hands on a given day and today's volume is recorded at 20396628. 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 $69.40 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) traded higher by 0.5% or $0.27/share to $53.8. In the past year, the shares have traded as low as $48.54 and as high as $59.72. On average, 87972830 shares of QQQ exchange hands on a given day and today's volume is recorded at 19530640. 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 $54.04 area but be careful because the stock may face selling pressure at this level.
