The following stocks were detected to be trading among the most active on March 28: Bank of America Corporation, SPDR S&P 500, Financial Select Sector SPDR, Amylin Pharmaceuticals, Inc, and Nokia 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 Bank of America Corporation (BAC) traded higher by 1.15% or $0.11/share to $9.71. In the past year, the shares have traded as low as $4.91 and as high as $13.81. On average, 300082650 shares of BAC exchange hands on a given day and today's volume is recorded at 86865712. 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 $8.11 area where the stock will likely see buying pressure.
Shares of SPDR S&P 500 (SPY) fell by 0.42% or $-0.59/share to $140.58. In the past year, the shares have traded as low as $106.28 and as high as $141.83. On average, 140723570 shares of SPY exchange hands on a given day and today's volume is recorded at 40837524. 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 $135.37 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) fell by 0.01% or $-0.00/share to $15.83. In the past year, the shares have traded as low as $10.85 and as high as $16.47. On average, 74107020 shares of XLF exchange hands on a given day and today's volume is recorded at 34287788. 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 $14.74 area where the stock will likely see buying pressure.
Shares of Amylin Pharmaceuticals, Inc. (AMLN) traded higher by 47.37% or $7.29/share to $22.68. In the past year, the shares have traded as low as $8.03 and as high as $18.45. On average, 3830420 shares of AMLN exchange hands on a given day and today's volume is recorded at 22890450. 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 $15.61 area where the stock will likely see buying pressure.
Shares of Nokia Corporation (NOK) traded higher by 2.79% or $0.15/share to $5.52. In the past year, the shares have traded as low as $4.46 and as high as $8.87. On average, 31756350 shares of NOK exchange hands on a given day and today's volume is recorded at 21373796. 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 $5.69 represents resistance and the 50-day moving average of $5.27 would be an area of support.
