The following stocks were detected to be trading among the most active on November 17: Bank of America Corporation, SPDR S&P 500, Micron Technology Inc, SIRIUS XM Radio Inc, 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 Bank of America Corporation (BAC) traded higher by 1.36% or $0.08/share to $5.98. In the past year, the shares have traded as low as $5.13 and as high as $15.27. On average, 292807440 shares of BAC exchange hands on a given day and today's volume is recorded at 81458192. 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 $6.48 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) fell by 0.02% or $-0.02/share to $124.05. In the past year, the shares have traded as low as $107.43 and as high as $135.80. On average, 280723290 shares of SPY exchange hands on a given day and today's volume is recorded at 75487336. 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 $126.43 represents resistance and the 50-day moving average of $120.57 would be an area of support.
Shares of Micron Technology Inc. (MU) fell by 2.0% or $-0.13/share to $6.61. In the past year, the shares have traded as low as $3.97 and as high as $11.96. On average, 38884440 shares of MU exchange hands on a given day and today's volume is recorded at 37333056. 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 $8.34 represents resistance and the 50-day moving average of $5.82 would be an area of support.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 3.01% or $0.05/share to $1.71. In the past year, the shares have traded as low as $1.27 and as high as $2.44. On average, 74568560 shares of SIRI exchange hands on a given day and today's volume is recorded at 32531692. 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 $1.88 represents resistance and the 50-day moving average of $1.70 would be an area of support.
Shares of Financial Select Sector SPDR (XLF) traded higher by 0.16% or $0.02/share to $12.73. In the past year, the shares have traded as low as $10.95 and as high as $17.03. On average, 121072620 shares of XLF exchange hands on a given day and today's volume is recorded at 30086340. 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 $14.62 represents resistance and the 50-day moving average of $12.65 would be an area of support.
