The following stocks were detected to be trading among the most active on July 16: Human Genome Sciences Inc, Bank of America Corporation, SPDR S&P 500, Citigroup, Inc, and JPMorgan Chase & 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 Human Genome Sciences Inc. (HGSI) traded higher by 4.53% or $0.61/share to $14.19. In the past year, the shares have traded as low as $6.51 and as high as $24.28. On average, 5965690 shares of HGSI exchange hands on a given day and today's volume is recorded at 92687664. 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 $13.68 area where the stock will likely see buying pressure.
Shares of Bank of America Corporation (BAC) fell by 0.06% or $-0.00/share to $7.82. In the past year, the shares have traded as low as $4.91 and as high as $10.27. On average, 183750510 shares of BAC exchange hands on a given day and today's volume is recorded at 77819824. 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 $7.55 area where the stock will likely see buying pressure.
Shares of SPDR S&P 500 (SPY) fell by 0.12% or $-0.16/share to $135.59. In the past year, the shares have traded as low as $105.74 and as high as $141.48. On average, 165143180 shares of SPY exchange hands on a given day and today's volume is recorded at 57778108. 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 $133.15 area where the stock will likely see buying pressure.
Shares of Citigroup, Inc. (C) traded higher by 0.75% or $0.20/share to $26.85. In the past year, the shares have traded as low as $21.38 and as high as $40.45. On average, 41051760 shares of C exchange hands on a given day and today's volume is recorded at 46334444. 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 $27.50 area but be careful because the stock may face selling pressure at this level.
Shares of JPMorgan Chase & Co. (JPM) fell by 2.92% or $-1.05/share to $35.02. In the past year, the shares have traded as low as $27.24 and as high as $45.80. On average, 47897090 shares of JPM exchange hands on a given day and today's volume is recorded at 35952968. 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 $35.06 area but be careful because the stock may face selling pressure at this level.
