The following stocks were detected to be trading among the most active on April 11: Nokia Corporation, Bank of America Corporation, SPDR S&P 500, Alcoa, Inc, and Financial Select Sector SPDR. 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 Nokia Corporation (NOK) fell by 14.01% or $-0.71/share to $4.33. In the past year, the shares have traded as low as $4.46 and as high as $8.88. On average, 31687750 shares of NOK exchange hands on a given day and today's volume is recorded at 87142040. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $5.24 area but be careful because the stock may face selling pressure at this level.
Shares of Bank of America Corporation (BAC) traded higher by 3.86% or $0.33/share to $8.87. In the past year, the shares have traded as low as $4.91 and as high as $13.57. On average, 294954780 shares of BAC exchange hands on a given day and today's volume is recorded at 85318624. 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 $8.51 area where the stock will likely see buying pressure.
Shares of SPDR S&P 500 (SPY) traded higher by 1.14% or $1.55/share to $137.45. In the past year, the shares have traded as low as $106.28 and as high as $142.21. On average, 144076980 shares of SPY exchange hands on a given day and today's volume is recorded at 42729248. 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 $136.98 area where the stock will likely see buying pressure.
Shares of Alcoa, Inc. (AA) traded higher by 8.48% or $0.79/share to $10.11. In the past year, the shares have traded as low as $8.40 and as high as $18.01. On average, 24846610 shares of AA exchange hands on a given day and today's volume is recorded at 39592136. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $10.18 area but be careful because the stock may face selling pressure at this level.
Shares of Financial Select Sector SPDR (XLF) traded higher by 1.8% or $0.27/share to $15.24. In the past year, the shares have traded as low as $10.85 and as high as $16.30. On average, 78878950 shares of XLF exchange hands on a given day and today's volume is recorded at 17659310. 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 $15.02 area where the stock will likely see buying pressure.
