The following stocks were detected to be trading among the most active on July 2: Bank of America Corporation, Amylin Pharmaceuticals, Inc, SPDR S&P 500, Lincare Holdings Inc, and Financial Select Sector SPDR. 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 3.42% or $-0.28/share to $7.9. In the past year, the shares have traded as low as $4.91 and as high as $11.12. On average, 201839870 shares of BAC exchange hands on a given day and today's volume is recorded at 80831960. 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 $7.63 area where the stock will likely see buying pressure.
Shares of Amylin Pharmaceuticals, Inc. (AMLN) traded higher by 8.97% or $2.53/share to $30.73. In the past year, the shares have traded as low as $8.03 and as high as $28.49. On average, 3535740 shares of AMLN exchange hands on a given day and today's volume is recorded at 63458392. 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 $26.68 area where the stock will likely see buying pressure.
Shares of SPDR S&P 500 (SPY) fell by 0.36% or $-0.49/share to $135.61. In the past year, the shares have traded as low as $105.74 and as high as $141.48. On average, 169060140 shares of SPY exchange hands on a given day and today's volume is recorded at 55010508. 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 $133.70 area where the stock will likely see buying pressure.
Shares of Lincare Holdings Inc. (LNCR) traded higher by 21.47% or $7.31/share to $41.33. In the past year, the shares have traded as low as $19.17 and as high as $34.21. On average, 1637400 shares of LNCR exchange hands on a given day and today's volume is recorded at 54703632. 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 $24.66 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) fell by 0.51% or $-0.07/share to $14.56. In the past year, the shares have traded as low as $10.79 and as high as $15.92. On average, 81339980 shares of XLF exchange hands on a given day and today's volume is recorded at 30332142. 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 $14.39 area where the stock will likely see buying pressure.
