The following stocks were detected to be trading among the most active on July 4: SPDR S&P 500, Bank of America Corporation, SIRIUS XM Radio Inc, Ford Motor Co, and Micron Technology 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 0.66% or $0.90/share to $137.41. In the past year, the shares have traded as low as $105.73 and as high as $141.47. On average, 168370970 shares of SPY exchange hands on a given day and today's volume is recorded at 80448160. 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 $133.69 area where the stock will likely see buying pressure.
Shares of Bank of America Corporation (BAC) traded higher by 0.12% or $0.01/share to $8.06. In the past year, the shares have traded as low as $4.91 and as high as $11.01. On average, 199805850 shares of BAC exchange hands on a given day and today's volume is recorded at 57652720. 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 $7.62 area where the stock will likely see buying pressure.
Shares of SIRIUS XM Radio Inc. (SIRI) traded higher by 2.51% or $0.05/share to $2.04. In the past year, the shares have traded as low as $1.27 and as high as $2.41. On average, 52415970 shares of SIRI exchange hands on a given day and today's volume is recorded at 53607896. 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 $1.98 area where the stock will likely see buying pressure.
Shares of Ford Motor Co. (F) traded higher by 2.24% or $0.21/share to $9.6. In the past year, the shares have traded as low as $8.98 and as high as $14.10. On average, 46864300 shares of F exchange hands on a given day and today's volume is recorded at 49628312. 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 $10.48 area but be careful because the stock may face selling pressure at this level.
Shares of Micron Technology Inc. (MU) traded higher by 5.19% or $0.34/share to $6.89. In the past year, the shares have traded as low as $3.97 and as high as $9.16. On average, 31749090 shares of MU exchange hands on a given day and today's volume is recorded at 46400508. 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 $6.64 area.
