The following stocks were detected to be trading among the most active on August 22: Bank of America Corporation, Sunrise Senior Living Inc, SPDR S&P 500, Sprint Nextel Corp, and Dell 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 Bank of America Corporation (BAC) fell by 0.61% or $-0.05/share to $8.14. In the past year, the shares have traded as low as $4.91 and as high as $10.09. On average, 152066710 shares of BAC exchange hands on a given day and today's volume is recorded at 75717224. 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 $7.65 area where the stock will likely see buying pressure.
Shares of Sunrise Senior Living Inc. (SRZ) traded higher by 59.07% or $5.27/share to $14.2. In the past year, the shares have traded as low as $3.68 and as high as $9.00. On average, 463330 shares of SRZ exchange hands on a given day and today's volume is recorded at 73835456. 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 $7.30 area where the stock will likely see buying pressure.
Shares of SPDR S&P 500 (SPY) fell by 0.44% or $-0.62/share to $141.13. In the past year, the shares have traded as low as $105.74 and as high as $143.09. On average, 145890080 shares of SPY exchange hands on a given day and today's volume is recorded at 51170480. 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 $136.61 area where the stock will likely see buying pressure.
Shares of Sprint Nextel Corp. (S) fell by 3.54% or $-0.18/share to $4.9. In the past year, the shares have traded as low as $2.10 and as high as $5.49. On average, 63283890 shares of S exchange hands on a given day and today's volume is recorded at 49599200. 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 $3.82 area where the stock will likely see buying pressure.
Shares of Dell Inc. (DELL) fell by 6.81% or $-0.84/share to $11.5. In the past year, the shares have traded as low as $11.39 and as high as $18.36. On average, 20530730 shares of DELL exchange hands on a given day and today's volume is recorded at 41936896. 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 $12.15 area but be careful because the stock may face selling pressure at this level.
