The following stocks were detected to be trading among the most active on June 29: Bank of America Corporation, SPDR S&P 500, Ford Motor Co, Research In Motion Limited, and Nokia 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 3.62% or $0.28/share to $8.02. In the past year, the shares have traded as low as $4.91 and as high as $11.19. On average, 201757620 shares of BAC exchange hands on a given day and today's volume is recorded at 85587560. 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 $7.64 area where the stock will likely see buying pressure.
Shares of SPDR S&P 500 (SPY) traded higher by 1.89% or $2.51/share to $135.3. In the past year, the shares have traded as low as $105.74 and as high as $141.48. On average, 168317490 shares of SPY exchange hands on a given day and today's volume is recorded at 62534852. 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 $133.72 area where the stock will likely see buying pressure.
Shares of Ford Motor Co. (F) fell by 4.26% or $-0.43/share to $9.66. In the past year, the shares have traded as low as $8.98 and as high as $14.10. On average, 44804690 shares of F exchange hands on a given day and today's volume is recorded at 50686824. 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 $10.60 area but be careful because the stock may face selling pressure at this level.
Shares of Research In Motion Limited (RIMM) fell by 17.97% or $-1.64/share to $7.49. In the past year, the shares have traded as low as $8.83 and as high as $33.54. On average, 20243200 shares of RIMM exchange hands on a given day and today's volume is recorded at 30111800. 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 $11.31 area but be careful because the stock may face selling pressure at this level.
Shares of Nokia Corporation (NOK) fell by 1.66% or $-0.04/share to $2.08. In the past year, the shares have traded as low as $2.09 and as high as $6.85. On average, 41579180 shares of NOK exchange hands on a given day and today's volume is recorded at 27423664. 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 $2.90 area but be careful because the stock may face selling pressure at this level.
