The following stocks were detected to be trading among the most active on April 5: Bank of America Corporation, SPDR S&P 500, Financial Select Sector SPDR, iShares MSCI Emerging Markets Index, and iShares Russell 2000 Index. 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 2.17% or $0.20/share to $9.4. In the past year, the shares have traded as low as $4.91 and as high as $13.81. On average, 300957140 shares of BAC exchange hands on a given day and today's volume is recorded at 76270424. 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 $8.41 area where the stock will likely see buying pressure.
Shares of SPDR S&P 500 (SPY) traded higher by 0.16% or $0.22/share to $140.09. In the past year, the shares have traded as low as $106.28 and as high as $142.21. On average, 142370580 shares of SPY exchange hands on a given day and today's volume is recorded at 32631948. 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 $136.59 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) traded higher by 0.32% or $0.05/share to $15.63. In the past year, the shares have traded as low as $10.85 and as high as $16.47. On average, 77661380 shares of XLF exchange hands on a given day and today's volume is recorded at 18525756. 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 $14.95 area where the stock will likely see buying pressure.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 0.81% or $0.34/share to $42.85. In the past year, the shares have traded as low as $33.10 and as high as $49.45. On average, 52420830 shares of EEM exchange hands on a given day and today's volume is recorded at 15737916. 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 $43.42 represents resistance and the 200-day moving average of $41.29 would be an area of support.
Shares of iShares Russell 2000 Index (IWM) fell by 0.01% or $-0.01/share to $81.93. In the past year, the shares have traded as low as $59.62 and as high as $85.54. On average, 49964030 shares of IWM exchange hands on a given day and today's volume is recorded at 12278782. 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 $81.70 area where the stock will likely see buying pressure.
