The following stocks were detected to be trading among the most active on April 9: Bank of America Corporation, SPDR S&P 500, Financial Select Sector SPDR, iShares Russell 2000 Index, and The Dow Chemical Company. 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 3.03% or $-0.28/share to $8.95. In the past year, the shares have traded as low as $4.91 and as high as $13.81. On average, 295148220 shares of BAC exchange hands on a given day and today's volume is recorded at 82864480. 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 $8.45 area where the stock will likely see buying pressure.
Shares of SPDR S&P 500 (SPY) fell by 1.14% or $-1.59/share to $138.2. In the past year, the shares have traded as low as $106.28 and as high as $142.21. On average, 141793380 shares of SPY exchange hands on a given day and today's volume is recorded at 34334096. 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 $136.75 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) fell by 1.96% or $-0.30/share to $15.23. In the past year, the shares have traded as low as $10.84 and as high as $16.46. On average, 77425630 shares of XLF exchange hands on a given day and today's volume is recorded at 26320928. 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 $14.98 area where the stock will likely see buying pressure.
Shares of iShares Russell 2000 Index (IWM) fell by 1.62% or $-1.32/share to $80.26. In the past year, the shares have traded as low as $59.62 and as high as $85.54. On average, 49562690 shares of IWM exchange hands on a given day and today's volume is recorded at 13666719. 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 $81.76 represents resistance and the 200-day moving average of $75.07 would be an area of support.
Shares of The Dow Chemical Company (DOW) fell by 2.66% or $-0.89/share to $32.53. In the past year, the shares have traded as low as $20.28 and as high as $40.87. On average, 7964750 shares of DOW exchange hands on a given day and today's volume is recorded at 13257189. 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 $33.95 represents resistance and the 200-day moving average of $29.91 would be an area of support.
