The following stocks were detected to be trading among the most active on December 28: Bank of America Corporation, SPDR S&P 500, iShares Russell 2000 Index, iShares MSCI Emerging Markets Index, and General Electric 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 2.37% or $-0.13/share to $5.35. In the past year, the shares have traded as low as $4.92 and as high as $15.24. On average, 265240190 shares of BAC exchange hands on a given day and today's volume is recorded at 55515400. 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 $5.91 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) fell by 0.87% or $-1.10/share to $125.39. In the past year, the shares have traded as low as $106.75 and as high as $134.94. On average, 239974440 shares of SPY exchange hands on a given day and today's volume is recorded at 39889984. 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 $124.67 area.
Shares of iShares Russell 2000 Index (IWM) fell by 1.16% or $-0.87/share to $73.9. In the past year, the shares have traded as low as $59.80 and as high as $85.79. On average, 70531300 shares of IWM exchange hands on a given day and today's volume is recorded at 12959612. 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 $75.62 represents resistance and the 50-day moving average of $72.26 would be an area of support.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 1.47% or $-0.56/share to $37.56. In the past year, the shares have traded as low as $33.10 and as high as $49.45. On average, 69641130 shares of EEM exchange hands on a given day and today's volume is recorded at 12904920. 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 $38.82 area but be careful because the stock may face selling pressure at this level.
Shares of General Electric Company (GE) fell by 0.89% or $-0.16/share to $17.85. In the past year, the shares have traded as low as $13.89 and as high as $20.93. On average, 67941610 shares of GE exchange hands on a given day and today's volume is recorded at 12658999. 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 $17.32 area.
