The following stocks were detected to be trading among the most active on December 2: Bank of America Corporation, SPDR S&P 500, Financial Select Sector SPDR, JPMorgan Chase & Co, and Research In Motion Limited. 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 4.52% or $0.25/share to $5.78. In the past year, the shares have traded as low as $5.02 and as high as $15.24. On average, 271669940 shares of BAC exchange hands on a given day and today's volume is recorded at 129694272. 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 $6.15 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) traded higher by 0.69% or $0.86/share to $125.83. In the past year, the shares have traded as low as $107.43 and as high as $135.80. On average, 267050770 shares of SPY exchange hands on a given day and today's volume is recorded at 69544096. 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 $125.93 represents resistance and the 50-day moving average of $120.98 would be an area of support.
Shares of Financial Select Sector SPDR (XLF) traded higher by 2.28% or $0.29/share to $13.03. In the past year, the shares have traded as low as $10.95 and as high as $17.03. On average, 115713180 shares of XLF exchange hands on a given day and today's volume is recorded at 64458000. 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 $14.39 represents resistance and the 50-day moving average of $12.61 would be an area of support.
Shares of JPMorgan Chase & Co. (JPM) traded higher by 7.45% or $2.27/share to $32.73. In the past year, the shares have traded as low as $27.85 and as high as $47.39. On average, 46505660 shares of JPM exchange hands on a given day and today's volume is recorded at 36139168. 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 $38.69 represents resistance and the 50-day moving average of $31.90 would be an area of support.
Shares of Research In Motion Limited (RIMM) fell by 9.34% or $-1.73/share to $16.84. In the past year, the shares have traded as low as $15.98 and as high as $70.52. On average, 22692000 shares of RIMM exchange hands on a given day and today's volume is recorded at 33817748. 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 $20.44 area but be careful because the stock may face selling pressure at this level.
