The following stocks were detected to be trading among the most active on October 3: SPDR S&P 500, Bank of America Corporation, PowerShares QQQ, iShares MSCI Emerging Markets Index, and Financial Select Sector SPDR. 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 2.5% or $-2.90/share to $113.15. In the past year, the shares have traded as low as $109.71 and as high as $135.80. On average, 298101760 shares of SPY exchange hands on a given day and today's volume is recorded at 288392300. 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 $119.80 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) fell by 3.62% or $-0.23/share to $6.12. In the past year, the shares have traded as low as $6.00 and as high as $15.27. On average, 273992450 shares of BAC exchange hands on a given day and today's volume is recorded at 175213100. 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 $7.69 area but be careful because the stock may face selling pressure at this level.
Shares of PowerShares QQQ (QQQ) fell by 2.58% or $-1.39/share to $52.49. In the past year, the shares have traded as low as $47.84 and as high as $59.72. On average, 85469790 shares of QQQ exchange hands on a given day and today's volume is recorded at 104870100. 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 $54.60 area but be careful because the stock may face selling pressure at this level.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 5.01% or $-1.85/share to $35.1. In the past year, the shares have traded as low as $34.71 and as high as $49.93. On average, 71572500 shares of EEM exchange hands on a given day and today's volume is recorded at 102866200. 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 $41.51 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) fell by 3.51% or $-0.43/share to $11.81. In the past year, the shares have traded as low as $11.34 and as high as $17.03. On average, 114921100 shares of XLF exchange hands on a given day and today's volume is recorded at 96154300. 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 $13.02 area but be careful because the stock may face selling pressure at this level.
