The following stocks were detected to be trading among the most active on April 4: Bank of America Corporation, SPDR S&P 500, Financial Select Sector SPDR, SIRIUS XM Radio Inc, and Micron Technology 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) fell by 2.95% or $-0.28/share to $9.21. In the past year, the shares have traded as low as $4.91 and as high as $13.81. On average, 301202970 shares of BAC exchange hands on a given day and today's volume is recorded at 87466216. 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 $8.38 area where the stock will likely see buying pressure.
Shares of SPDR S&P 500 (SPY) fell by 1.05% or $-1.48/share to $139.78. In the past year, the shares have traded as low as $106.28 and as high as $142.21. On average, 142058860 shares of SPY exchange hands on a given day and today's volume is recorded at 33796416. 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 $136.41 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) fell by 1.74% or $-0.28/share to $15.56. In the past year, the shares have traded as low as $10.85 and as high as $16.47. On average, 77218250 shares of XLF exchange hands on a given day and today's volume is recorded at 22755760. 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 $14.93 area where the stock will likely see buying pressure.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 2.36% or $-0.06/share to $2.28. In the past year, the shares have traded as low as $1.27 and as high as $2.45. On average, 57294880 shares of SIRI exchange hands on a given day and today's volume is recorded at 21068360. 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 $2.21 area where the stock will likely see buying pressure.
Shares of Micron Technology Inc. (MU) fell by 5.01% or $-0.40/share to $7.59. In the past year, the shares have traded as low as $3.97 and as high as $11.83. On average, 32102500 shares of MU exchange hands on a given day and today's volume is recorded at 15326710. 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 $8.21 represents resistance and the 200-day moving average of $6.82 would be an area of support.
