The following stocks were detected to be trading among the most active on March 21: Bank of America Corporation, SPDR S&P 500, Oracle Corporation, Financial Select Sector SPDR, and Citigroup, Inc. 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 0.25% or $0.02/share to $9.84. In the past year, the shares have traded as low as $4.91 and as high as $14.16. On average, 296659630 shares of BAC exchange hands on a given day and today's volume is recorded at 167049856. 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 $7.80 area where the stock will likely see buying pressure.
Shares of SPDR S&P 500 (SPY) fell by 0.25% or $-0.35/share to $140.1. In the past year, the shares have traded as low as $106.29 and as high as $141.29. On average, 140964540 shares of SPY exchange hands on a given day and today's volume is recorded at 40965136. 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 $134.18 area where the stock will likely see buying pressure.
Shares of Oracle Corporation (ORCL) traded higher by 0.6% or $0.18/share to $30.28. In the past year, the shares have traded as low as $24.61 and as high as $36.28. On average, 34387090 shares of ORCL exchange hands on a given day and today's volume is recorded at 37083332. 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 $29.67 area.
Shares of Financial Select Sector SPDR (XLF) fell by 0.47% or $-0.07/share to $15.81. In the past year, the shares have traded as low as $10.85 and as high as $16.47. On average, 71788690 shares of XLF exchange hands on a given day and today's volume is recorded at 36287468. 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 $14.53 area where the stock will likely see buying pressure.
Shares of Citigroup, Inc. (C) fell by 1.34% or $-0.51/share to $37.57. In the past year, the shares have traded as low as $21.38 and as high as $46.85. On average, 48726630 shares of C exchange hands on a given day and today's volume is recorded at 20428124. 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 $32.55 area where the stock will likely see buying pressure.
