The following stocks were detected to be trading among the most active on October 26: Ford Motor Co, SPDR S&P 500, Bank of America Corporation, Sprint Nextel Corp, 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 Ford Motor Co. (F) fell by 5.72% or $-0.71/share to $11.72. In the past year, the shares have traded as low as $9.05 and as high as $18.97. On average, 75375200 shares of F exchange hands on a given day and today's volume is recorded at 71824000. 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 $13.61 represents resistance and the 50-day moving average of $10.67 would be an area of support.
Shares of SPDR S&P 500 (SPY) traded higher by 0.28% or $0.34/share to $123.39. In the past year, the shares have traded as low as $107.43 and as high as $135.80. On average, 318586260 shares of SPY exchange hands on a given day and today's volume is recorded at 67217360. 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 $126.55 represents resistance and the 50-day moving average of $117.99 would be an area of support.
Shares of Bank of America Corporation (BAC) traded higher by 1.08% or $0.07/share to $6.53. In the past year, the shares have traded as low as $5.13 and as high as $15.27. On average, 301458880 shares of BAC exchange hands on a given day and today's volume is recorded at 50374984. 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 $6.77 area but be careful because the stock may face selling pressure at this level.
Shares of Sprint Nextel Corp. (S) fell by 9.07% or $-0.24/share to $2.45. In the past year, the shares have traded as low as $2.10 and as high as $6.44. On average, 80408240 shares of S exchange hands on a given day and today's volume is recorded at 48706432. 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 $3.15 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) traded higher by 0.69% or $0.09/share to $13.11. In the past year, the shares have traded as low as $10.95 and as high as $17.03. On average, 127560990 shares of XLF exchange hands on a given day and today's volume is recorded at 38091532. 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 $14.86 represents resistance and the 50-day moving average of $12.46 would be an area of support.
