The following stocks were detected to be trading among the most active on May 15: Bank of America Corporation, SPDR S&P 500, SIRIUS XM Radio Inc, JPMorgan Chase & Co, and Chesapeake Energy Corporation. 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 2.31% or $0.17/share to $7.52. In the past year, the shares have traded as low as $4.91 and as high as $12.05. On average, 252441000 shares of BAC exchange hands on a given day and today's volume is recorded at 63958316. 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 $8.69 represents resistance and the 200-day moving average of $7.23 would be an area of support.
Shares of SPDR S&P 500 (SPY) traded higher by 0.26% or $0.35/share to $134.46. In the past year, the shares have traded as low as $106.28 and as high as $142.21. On average, 148290140 shares of SPY exchange hands on a given day and today's volume is recorded at 49722144. 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 $138.52 represents resistance and the 200-day moving average of $127.00 would be an area of support.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 0.5% or $-0.01/share to $2.01. In the past year, the shares have traded as low as $1.27 and as high as $2.44. On average, 55907480 shares of SIRI exchange hands on a given day and today's volume is recorded at 31273410. 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 $2.24 represents resistance and the 200-day moving average of $1.96 would be an area of support.
Shares of JPMorgan Chase & Co. (JPM) traded higher by 2.01% or $0.72/share to $36.51. In the past year, the shares have traded as low as $27.47 and as high as $46.19. On average, 36529020 shares of JPM exchange hands on a given day and today's volume is recorded at 26341344. 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 $43.03 represents resistance and the 200-day moving average of $36.24 would be an area of support.
Shares of Chesapeake Energy Corporation (CHK) fell by 4.96% or $-0.77/share to $14.75. In the past year, the shares have traded as low as $14.49 and as high as $35.34. On average, 26127580 shares of CHK exchange hands on a given day and today's volume is recorded at 24213552. 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 $20.94 area but be careful because the stock may face selling pressure at this level.
