The following stocks were detected to be trading among the most active on November 15: Bank of America Corporation, SPDR S&P 500, Financial Select Sector SPDR, Citigroup, Inc, and Intel Corporation. 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 2.48% or $0.15/share to $6.2. In the past year, the shares have traded as low as $5.13 and as high as $15.27. On average, 292570460 shares of BAC exchange hands on a given day and today's volume is recorded at 80090864. 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 $6.53 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) fell by 0.09% or $-0.11/share to $125.35. In the past year, the shares have traded as low as $107.43 and as high as $135.81. On average, 282776320 shares of SPY exchange hands on a given day and today's volume is recorded at 55762580. 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 $126.46 represents resistance and the 50-day moving average of $120.29 would be an area of support.
Shares of Financial Select Sector SPDR (XLF) fell by 0.31% or $-0.04/share to $12.93. In the past year, the shares have traded as low as $10.95 and as high as $17.03. On average, 121639110 shares of XLF exchange hands on a given day and today's volume is recorded at 31065068. 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 $14.65 represents resistance and the 50-day moving average of $12.64 would be an area of support.
Shares of Citigroup, Inc. (C) fell by 1.8% or $-0.51/share to $27.87. In the past year, the shares have traded as low as $21.39 and as high as $51.46. On average, 55892550 shares of C exchange hands on a given day and today's volume is recorded at 22930392. 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 $28.24 area but be careful because the stock may face selling pressure at this level.
Shares of Intel Corporation (INTC) traded higher by 1.38% or $0.34/share to $24.97. In the past year, the shares have traded as low as $18.85 and as high as $24.98. On average, 63123080 shares of INTC exchange hands on a given day and today's volume is recorded at 17017258. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $22.60 area where the stock will likely see buying pressure.
