The following stocks were detected to be trading among the most active on June 20: Financial Select Sector SPDR, Sprint Nextel Corp, Chimera Investment Corporation, Adobe Systems Inc, and Ford Motor 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 Financial Select Sector SPDR (XLF) traded higher by 0.24% or $0.03/share to $14.53. In the past year, the shares have traded as low as $10.79 and as high as $15.92. On average, 85109950 shares of XLF exchange hands on a given day and today's volume is recorded at 7589665. 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 $14.55 represents resistance and the 200-day moving average of $13.71 would be an area of support.
Shares of Sprint Nextel Corp. (S) traded higher by 0.48% or $0.02/share to $3.16. In the past year, the shares have traded as low as $2.10 and as high as $5.74. On average, 49303970 shares of S exchange hands on a given day and today's volume is recorded at 7571034. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $2.62 area.
Shares of Chimera Investment Corporation (CIM) fell by 5.15% or $-0.15/share to $2.76. In the past year, the shares have traded as low as $2.20 and as high as $3.14. On average, 6523330 shares of CIM exchange hands on a given day and today's volume is recorded at 6908774. 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 $2.82 represents resistance and the 200-day moving average of $2.71 would be an area of support.
Shares of Adobe Systems Inc. (ADBE) fell by 5.66% or $-1.86/share to $31.03. In the past year, the shares have traded as low as $22.67 and as high as $34.78. On average, 3988640 shares of ADBE exchange hands on a given day and today's volume is recorded at 6684412. 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 $32.32 represents resistance and the 200-day moving average of $29.99 would be an area of support.
Shares of Ford Motor Co. (F) traded higher by 1.04% or $0.11/share to $10.67. In the past year, the shares have traded as low as $8.98 and as high as $14.10. On average, 44497200 shares of F exchange hands on a given day and today's volume is recorded at 6725415. 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 $10.84 area but be careful because the stock may face selling pressure at this level.
