The following stocks were detected to be trading among the most active on April 24: Bank of America Corporation, SPDR S&P 500, Financial Select Sector SPDR, iShares MSCI Emerging Markets Index, and Regions Financial Corp. 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 0.06% or $-0.00/share to $8.18. In the past year, the shares have traded as low as $4.91 and as high as $12.65. On average, 282261010 shares of BAC exchange hands on a given day and today's volume is recorded at 53723408. 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 $7.39 would be an area of support.
Shares of SPDR S&P 500 (SPY) traded higher by 0.45% or $0.62/share to $137.4. In the past year, the shares have traded as low as $106.28 and as high as $142.21. On average, 146732520 shares of SPY exchange hands on a given day and today's volume is recorded at 39243192. 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 $137.85 represents resistance and the 200-day moving average of $126.43 would be an area of support.
Shares of Financial Select Sector SPDR (XLF) traded higher by 0.8% or $0.12/share to $15.2. In the past year, the shares have traded as low as $10.85 and as high as $16.18. On average, 78486900 shares of XLF exchange hands on a given day and today's volume is recorded at 20784168. 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 $15.18 area where the stock will likely see buying pressure.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 0.6% or $0.25/share to $41.77. In the past year, the shares have traded as low as $33.10 and as high as $49.45. On average, 51962760 shares of EEM exchange hands on a given day and today's volume is recorded at 19523018. 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 $43.21 represents resistance and the 200-day moving average of $41.03 would be an area of support.
Shares of Regions Financial Corp. (RF) traded higher by 4.76% or $0.29/share to $6.38. In the past year, the shares have traded as low as $2.81 and as high as $7.39. On average, 25689180 shares of RF exchange hands on a given day and today's volume is recorded at 17487248. 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 $6.12 area where the stock will likely see buying pressure.
