The following stocks were detected to be trading among the most active on September 14: Bank of America Corporation, Financial Select Sector SPDR, SPDR S&P 500, Nokia Corporation, and iShares MSCI Emerging Markets Index. 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) traded higher by 3.46% or $0.33/share to $9.73. In the past year, the shares have traded as low as $4.90 and as high as $10.08. On average, 136702770 shares of BAC exchange hands on a given day and today's volume is recorded at 123817160. 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 $7.81 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) traded higher by 1.49% or $0.24/share to $16.39. In the past year, the shares have traded as low as $10.79 and as high as $16.20. On average, 50038460 shares of XLF exchange hands on a given day and today's volume is recorded at 56000472. 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 $14.91 area where the stock will likely see buying pressure.
Shares of SPDR S&P 500 (SPY) traded higher by 0.88% or $1.29/share to $147.88. In the past year, the shares have traded as low as $105.73 and as high as $147.04. On average, 128766650 shares of SPY exchange hands on a given day and today's volume is recorded at 46373468. 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 $139.35 area where the stock will likely see buying pressure.
Shares of Nokia Corporation (NOK) traded higher by 6.46% or $0.19/share to $3.13. In the past year, the shares have traded as low as $1.63 and as high as $6.84. On average, 56476670 shares of NOK exchange hands on a given day and today's volume is recorded at 36617348. 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 $3.67 represents resistance and the 50-day moving average of $2.41 would be an area of support.
Shares of iShares MSCI Emerging Markets Index (EEM) traded higher by 1.9% or $0.80/share to $42.67. In the past year, the shares have traded as low as $32.71 and as high as $44.38. On average, 42063870 shares of EEM exchange hands on a given day and today's volume is recorded at 32300862. 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 $40.05 area.
