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Michael Kors, Chesapeake, BofA: How to Trade Wednesday's Most-Active Stocks

Here's how to trade the most-active names on the market Wednesday.

Bank of America (BAC) - Get Bank of America Corporation Report
BofA is dropping on lowered expectations for trading revenues - shares are testing a key breakdown level on the chart.

iPath S&P 500 VIX Short-Term Futures ETN (VXX) - Get Barclays Bank PLC ZC SP ETN REDEEM 23/01/2048 USD 27.193879 - Ser A ShortTerm Futu Report
VXX continues to point lower as long as the uptrend in the S&P remains intact.

Chesapeake Energy Corp. (CHK) - Get Chesapeake Energy Corporation Report
CHK is testing a key technical level today. If shares violate $4.85 support, it's a sell.

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Michael Kors Holdings Ltd. (KORS)
KORS is plunging on a weak forecast. The chart signals the potential for more downside risk ahead.

Read Full Article: BofA, Chesapeake, Michael Kors: Trading Wednesday's Most-Active Stocks

This article was written by a staff member of TheStreet.