The following stocks were detected to be trading among the most active on July 19: Bank of America Corporation, Nokia Corporation, SPDR S&P 500, Walgreen Co, and New Oriental Education & Technology Group. 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) fell by 3.72% or $-0.28/share to $7.25. In the past year, the shares have traded as low as $4.91 and as high as $10.22. On average, 182507270 shares of BAC exchange hands on a given day and today's volume is recorded at 158765808. 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 $7.27 area where the stock may encounter resistance.
Shares of Nokia Corporation (NOK) traded higher by 3.47% or $0.06/share to $1.79. In the past year, the shares have traded as low as $1.63 and as high as $6.83. On average, 38654960 shares of NOK exchange hands on a given day and today's volume is recorded at 78718976. 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 $2.51 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) traded higher by 0.39% or $0.54/share to $137.9. In the past year, the shares have traded as low as $105.74 and as high as $141.48. On average, 164019030 shares of SPY exchange hands on a given day and today's volume is recorded at 65405844. 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 $133.12 area where the stock will likely see buying pressure.
Shares of Walgreen Co. (WAG) traded higher by 10.3% or $3.19/share to $34.16. In the past year, the shares have traded as low as $28.53 and as high as $41.27. On average, 8548350 shares of WAG exchange hands on a given day and today's volume is recorded at 37167400. 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 $32.61 area.
Shares of New Oriental Education & Technology Group (EDU) traded higher by 22.95% or $2.18/share to $11.68. In the past year, the shares have traded as low as $9.49 and as high as $34.77. On average, 2213760 shares of EDU exchange hands on a given day and today's volume is recorded at 32765220. 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 $25.50 area but be careful because the stock may face selling pressure at this level.
