The following stocks were detected to be trading among the most active on September 17: Bank of America Corporation, Facebook, Inc, SPDR S&P 500, Financial Select Sector SPDR, and Nokia 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 Bank of America Corporation (BAC) fell by 2.09% or $-0.20/share to $9.35. In the past year, the shares have traded as low as $4.90 and as high as $10.08. On average, 139387980 shares of BAC exchange hands on a given day and today's volume is recorded at 52390168. 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 $7.84 area where the stock will likely see buying pressure.
Shares of Facebook, Inc. (FB) fell by 0.14% or $-0.03/share to $21.97. In the past year, the shares have traded as low as $17.55 and as high as $45.00. On average, 39708470 shares of FB exchange hands on a given day and today's volume is recorded at 29205636. 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 $23.03 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) fell by 0.14% or $-0.21/share to $147.03. In the past year, the shares have traded as low as $105.74 and as high as $148.11. On average, 127818040 shares of SPY exchange hands on a given day and today's volume is recorded at 23687344. 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 $139.55 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) fell by 0.46% or $-0.07/share to $16.2. In the past year, the shares have traded as low as $10.79 and as high as $16.44. On average, 50328860 shares of XLF exchange hands on a given day and today's volume is recorded at 15508777. 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 $14.94 area where the stock will likely see buying pressure.
Shares of Nokia Corporation (NOK) traded higher by 0.84% or $0.03/share to $3.01. In the past year, the shares have traded as low as $1.63 and as high as $6.85. On average, 56365180 shares of NOK exchange hands on a given day and today's volume is recorded at 15291904. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $3.66 represents resistance and the 50-day moving average of $2.44 would be an area of support.
