The following stocks were detected to be trading among the most active on June 12: SPDR S&P 500, Bank of America Corporation, Financial Select Sector SPDR, iShares Russell 2000 Index, and Zynga, Inc. 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 SPDR S&P 500 (SPY) traded higher by 0.44% or $0.58/share to $131.99. In the past year, the shares have traded as low as $106.28 and as high as $142.22. On average, 162620070 shares of SPY exchange hands on a given day and today's volume is recorded at 70448912. 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 $135.72 represents resistance and the 200-day moving average of $128.36 would be an area of support.
Shares of Bank of America Corporation (BAC) traded higher by 1.99% or $0.14/share to $7.43. In the past year, the shares have traded as low as $4.91 and as high as $11.20. On average, 242336870 shares of BAC exchange hands on a given day and today's volume is recorded at 60226560. 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 $7.98 represents resistance and the 200-day moving average of $7.18 would be an area of support.
Shares of Financial Select Sector SPDR (XLF) traded higher by 0.58% or $0.08/share to $13.96. In the past year, the shares have traded as low as $10.85 and as high as $16.01. On average, 88174810 shares of XLF exchange hands on a given day and today's volume is recorded at 33670944. 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 $14.79 represents resistance and the 200-day moving average of $13.74 would be an area of support.
Shares of iShares Russell 2000 Index (IWM) traded higher by 0.36% or $0.27/share to $75.54. In the past year, the shares have traded as low as $59.62 and as high as $84.96. On average, 53896360 shares of IWM exchange hands on a given day and today's volume is recorded at 25807116. 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 $78.75 represents resistance and the 200-day moving average of $75.46 would be an area of support.
Shares of Zynga, Inc. (ZNGA) fell by 10.45% or $-0.58/share to $4.97. In the past year, the shares have traded as low as $5.51 and as high as $15.91. On average, 18766500 shares of ZNGA exchange hands on a given day and today's volume is recorded at 23497634. 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 $8.65 area but be careful because the stock may face selling pressure at this level.
