Wow there is really no need for me to reply since rp and
paradigm hit the nail on the head but volume can be tricky.
You want volume yet some traders will say too much volume on a
breakout shows exhaustion of the trend. It can be subjective
and dare I say sometimes a guess. In AVY's case with a minor
upgrade and the size of the company it's reasonable that they
wouldn't show an explosion of volume where a smaller cap I
sometimes expect it. I hope I will better share as we
continue posting what I look for and that helps you.
Posted by rgoodwin on 20th of Aug 2009 at 10:18 am
WOW! Now I am really confused. Matt's formula, and one I have
always used, shows that in the 1st 45 minutes AVY has traded more
than 370K shares. Do the math and this becomes volume of greater
than 2.3 million - or roughly TWO TIMES it's 65 day average. Do I
have something set wrong on my charts?
AVY - Watch List
Posted by tom on 20th of Aug 2009 at 10:00 am
For people looking for more large caps, Matt featured AVY which looks close to breaking. Volume is lower than I would like to see though.
Wow there is really no
Posted by tom on 20th of Aug 2009 at 10:45 am
Wow there is really no need for me to reply since rp and paradigm hit the nail on the head but volume can be tricky. You want volume yet some traders will say too much volume on a breakout shows exhaustion of the trend. It can be subjective and dare I say sometimes a guess. In AVY's case with a minor upgrade and the size of the company it's reasonable that they wouldn't show an explosion of volume where a smaller cap I sometimes expect it. I hope I will better share as we continue posting what I look for and that helps you.
AVY - Watch List
Posted by rgoodwin on 20th of Aug 2009 at 10:18 am
WOW! Now I am really confused. Matt's formula, and one I have always used, shows that in the 1st 45 minutes AVY has traded more than 370K shares. Do the math and this becomes volume of greater than 2.3 million - or roughly TWO TIMES it's 65 day average. Do I have something set wrong on my charts?
At this rate volume will
Posted by padraigm on 20th of Aug 2009 at 10:17 am
At this rate volume will run 180% of average today. We will see.
Welcome tot he board and thanks for your posts
Pat