The following stocks were detected to be trading among the most active on November 22: Bank of America Corporation, SPDR S&P 500, SIRIUS XM Radio Inc, Focus Media Holding Ltd, and Hewlett-Packard Company. 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) fell by 0.69% or $-0.04/share to $5.45. In the past year, the shares have traded as low as $5.13 and as high as $15.27. On average, 292772750 shares of BAC exchange hands on a given day and today's volume is recorded at 96543048. 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 $6.40 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) fell by 0.48% or $-0.57/share to $119.09. In the past year, the shares have traded as low as $107.43 and as high as $135.81. On average, 274497900 shares of SPY exchange hands on a given day and today's volume is recorded at 59091916. 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 $120.84 area but be careful because the stock may face selling pressure at this level.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 0.81% or $-0.02/share to $1.84. In the past year, the shares have traded as low as $1.27 and as high as $2.45. On average, 74584240 shares of SIRI exchange hands on a given day and today's volume is recorded at 33717760. 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 $1.89 represents resistance and the 50-day moving average of $1.71 would be an area of support.
Shares of Focus Media Holding Ltd. (FMCN) traded higher by 4.15% or $0.64/share to $16.07. In the past year, the shares have traded as low as $8.79 and as high as $37.58. On average, 4639190 shares of FMCN exchange hands on a given day and today's volume is recorded at 18024308. 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 $25.23 area but be careful because the stock may face selling pressure at this level.
Shares of Hewlett-Packard Company (HPQ) fell by 3.95% or $-1.06/share to $25.8. In the past year, the shares have traded as low as $21.50 and as high as $48.87. On average, 25301310 shares of HPQ exchange hands on a given day and today's volume is recorded at 17608872. 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 $34.03 represents resistance and the 50-day moving average of $25.24 would be an area of support.
