The following stocks were detected to be trading among the most active on July 12: SPDR S&P 500, Bank of America Corporation, SUPERVALU Inc, Cisco Systems, Inc, and Microsoft 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 SPDR S&P 500 (SPY) fell by 0.48% or $-0.64/share to $133.51. In the past year, the shares have traded as low as $105.73 and as high as $141.48. On average, 165888520 shares of SPY exchange hands on a given day and today's volume is recorded at 143072144. 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 $133.36 area where the stock will likely see buying pressure.
Shares of Bank of America Corporation (BAC) fell by 1.97% or $-0.15/share to $7.48. In the past year, the shares have traded as low as $4.91 and as high as $10.34. On average, 187297420 shares of BAC exchange hands on a given day and today's volume is recorded at 106711056. 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 $7.56 represents resistance and the 200-day moving average of $7.23 would be an area of support.
Shares of SUPERVALU Inc. (SVU) fell by 49.15% or $-2.60/share to $2.69. In the past year, the shares have traded as low as $4.05 and as high as $8.93. On average, 7044720 shares of SVU exchange hands on a given day and today's volume is recorded at 71897792. 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 $4.86 area but be careful because the stock may face selling pressure at this level.
Shares of Cisco Systems, Inc. (CSCO) fell by 2.44% or $-0.40/share to $15.98. In the past year, the shares have traded as low as $13.09 and as high as $21.12. On average, 42957970 shares of CSCO exchange hands on a given day and today's volume is recorded at 70042320. 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 $16.99 area but be careful because the stock may face selling pressure at this level.
Shares of Microsoft Corporation (MSFT) fell by 2.29% or $-0.67/share to $28.63. In the past year, the shares have traded as low as $23.30 and as high as $32.74. On average, 45189480 shares of MSFT exchange hands on a given day and today's volume is recorded at 63478052. 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 $28.70 area where the stock may encounter resistance.
