The following stocks were detected to be trading among the most active on April 23: Bank of America Corporation, SPDR S&P 500, Financial Select Sector SPDR, iShares MSCI Emerging Markets Index, and PowerShares QQQ. 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 2.29% or $-0.19/share to $8.17. In the past year, the shares have traded as low as $4.91 and as high as $12.64. On average, 283597800 shares of BAC exchange hands on a given day and today's volume is recorded at 121518568. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $8.71 represents resistance and the 200-day moving average of $7.40 would be an area of support.
Shares of SPDR S&P 500 (SPY) fell by 1.2% or $-1.66/share to $136.29. In the past year, the shares have traded as low as $106.29 and as high as $142.21. On average, 146054950 shares of SPY exchange hands on a given day and today's volume is recorded at 56617452. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $137.81 represents resistance and the 200-day moving average of $126.41 would be an area of support.
Shares of Financial Select Sector SPDR (XLF) fell by 1.12% or $-0.17/share to $15.02. In the past year, the shares have traded as low as $10.85 and as high as $16.18. On average, 78592680 shares of XLF exchange hands on a given day and today's volume is recorded at 32208156. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $15.17 represents resistance and the 200-day moving average of $13.62 would be an area of support.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 2.65% or $-1.12/share to $41.21. In the past year, the shares have traded as low as $33.10 and as high as $49.45. On average, 51948950 shares of EEM exchange hands on a given day and today's volume is recorded at 29039370. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $43.26 represents resistance and the 200-day moving average of $41.06 would be an area of support.
Shares of PowerShares QQQ (QQQ) fell by 1.58% or $-1.04/share to $64.64. In the past year, the shares have traded as low as $49.56 and as high as $68.55. On average, 50160210 shares of QQQ exchange hands on a given day and today's volume is recorded at 27087096. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $65.57 represents resistance and the 200-day moving average of $58.47 would be an area of support.
