The following stocks were detected to be trading among the most active on January 4: Bank of America Corporation, SPDR S&P 500, Ford Motor Co, Microsoft Corporation, and Financial Select Sector SPDR. 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 2.67% or $-0.15/share to $5.64. In the past year, the shares have traded as low as $4.92 and as high as $15.23. On average, 261202960 shares of BAC exchange hands on a given day and today's volume is recorded at 65003152. 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 $5.84 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) fell by 0.43% or $-0.55/share to $126.95. In the past year, the shares have traded as low as $106.75 and as high as $134.94. On average, 228764760 shares of SPY exchange hands on a given day and today's volume is recorded at 39464192. 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 $124.69 area.
Shares of Ford Motor Co. (F) traded higher by 1.72% or $0.19/share to $11.32. In the past year, the shares have traded as low as $9.05 and as high as $18.97. On average, 58819630 shares of F exchange hands on a given day and today's volume is recorded at 32260636. 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 $12.38 represents resistance and the 50-day moving average of $10.88 would be an area of support.
Shares of Microsoft Corporation (MSFT) traded higher by 0.92% or $0.25/share to $27.01. In the past year, the shares have traded as low as $23.32 and as high as $28.69. On average, 51931040 shares of MSFT exchange hands on a given day and today's volume is recorded at 20829636. 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 $25.88 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) fell by 1.2% or $-0.16/share to $13.18. In the past year, the shares have traded as low as $10.88 and as high as $16.92. On average, 104159730 shares of XLF exchange hands on a given day and today's volume is recorded at 18856558. 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 $13.94 represents resistance and the 50-day moving average of $12.84 would be an area of support.
