The following stocks were detected to be trading among the most active on June 20: Bank of America Corporation, SPDR S&P 500, Walgreen Co, Procter & Gamble Co, and JPMorgan Chase & Co. 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 0.37% or $0.03/share to $8.14. In the past year, the shares have traded as low as $4.91 and as high as $11.19. On average, 216475560 shares of BAC exchange hands on a given day and today's volume is recorded at 40802280. 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 $7.79 area where the stock will likely see buying pressure.
Shares of SPDR S&P 500 (SPY) fell by 0.06% or $-0.08/share to $135.62. In the past year, the shares have traded as low as $105.74 and as high as $141.48. On average, 164904800 shares of SPY exchange hands on a given day and today's volume is recorded at 20858808. 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 $134.28 area where the stock will likely see buying pressure.
Shares of Walgreen Co. (WAG) fell by 3.66% or $-1.10/share to $28.99. In the past year, the shares have traded as low as $29.80 and as high as $44.17. On average, 8178570 shares of WAG exchange hands on a given day and today's volume is recorded at 13629196. 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 $32.65 area but be careful because the stock may face selling pressure at this level.
Shares of Procter & Gamble Co. (PG) fell by 3.2% or $-1.99/share to $60.22. In the past year, the shares have traded as low as $56.16 and as high as $67.38. On average, 10681940 shares of PG exchange hands on a given day and today's volume is recorded at 13295332. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $63.87 area where the stock may encounter resistance.
Shares of JPMorgan Chase & Co. (JPM) traded higher by 2.43% or $0.86/share to $36.24. In the past year, the shares have traded as low as $27.47 and as high as $46.18. On average, 44021200 shares of JPM exchange hands on a given day and today's volume is recorded at 12864686. 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 $38.04 represents resistance and the 200-day moving average of $35.96 would be an area of support.
