The following stocks were detected to be trading among the most active on December 16: SPDR S&P 500, Bank of America Corporation, RSC Holdings, Inc, Financial Select Sector SPDR, and Microsoft 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 SPDR S&P 500 (SPY) traded higher by 0.52% or $0.64/share to $122.81. In the past year, the shares have traded as low as $107.43 and as high as $135.81. On average, 256663640 shares of SPY exchange hands on a given day and today's volume is recorded at 54176752. 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 $123.06 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) traded higher by 2.47% or $0.13/share to $5.39. In the past year, the shares have traded as low as $5.02 and as high as $15.24. On average, 271185750 shares of BAC exchange hands on a given day and today's volume is recorded at 55709332. 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 $6.05 area but be careful because the stock may face selling pressure at this level.
Shares of RSC Holdings, Inc. (RRR) traded higher by 54.35% or $6.18/share to $17.55. In the past year, the shares have traded as low as $6.26 and as high as $15.04. On average, 1284300 shares of RRR exchange hands on a given day and today's volume is recorded at 32949014. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $10.98 area.
Shares of Financial Select Sector SPDR (XLF) traded higher by 1.07% or $0.13/share to $12.7. In the past year, the shares have traded as low as $10.95 and as high as $17.02. On average, 113965290 shares of XLF exchange hands on a given day and today's volume is recorded at 30898498. 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 $12.81 area but be careful because the stock may face selling pressure at this level.
Shares of Microsoft Corporation (MSFT) traded higher by 2.0% or $0.51/share to $26.07. In the past year, the shares have traded as low as $23.32 and as high as $28.70. On average, 55355090 shares of MSFT exchange hands on a given day and today's volume is recorded at 27410300. 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 $26.06 area where the stock will likely see buying pressure.
