The following stocks were detected to be trading among the most active on February 29: Bank of America Corporation, SPDR S&P 500, SIRIUS XM Radio Inc, Financial Select Sector SPDR, and iShares Silver Trust. 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 0.06% or $-0.00/share to $8.11. In the past year, the shares have traded as low as $4.92 and as high as $14.63. On average, 282354070 shares of BAC exchange hands on a given day and today's volume is recorded at 103562208. 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 $7.79 area.
Shares of SPDR S&P 500 (SPY) fell by 0.2% or $-0.28/share to $137.28. In the past year, the shares have traded as low as $106.75 and as high as $137.72. On average, 160719050 shares of SPY exchange hands on a given day and today's volume is recorded at 59307084. 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 $130.79 area where the stock will likely see buying pressure.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 1.35% or $0.03/share to $2.25. In the past year, the shares have traded as low as $1.27 and as high as $2.44. On average, 51175300 shares of SIRI exchange hands on a given day and today's volume is recorded at 45892800. 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 $2.04 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) fell by 0.07% or $-0.01/share to $14.81. In the past year, the shares have traded as low as $10.88 and as high as $16.62. On average, 73230540 shares of XLF exchange hands on a given day and today's volume is recorded at 35408280. 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 $13.93 area where the stock will likely see buying pressure.
Shares of iShares Silver Trust (SLV) fell by 2.57% or $-0.92/share to $34.91. In the past year, the shares have traded as low as $25.65 and as high as $48.35. On average, 18283740 shares of SLV exchange hands on a given day and today's volume is recorded at 35014928. 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 $33.99 area.
