Volumes at their highest on upward runs...reducing to almost nothing in periods of downside weakness.
Once again, as has been the case for the last 2 days, buyers appear to be putting them away, gradually resulting in less stock finding it's way to the market.
If this keeps up, withing just a few more trading days, there will be relatively little finding it's way to market, at which point a well timed announcement would have the maximum impact.
Very strong recovery earlier today and now it seems to be happy to trade within a point of two of the VWAP.
About as good as it gets so close to a major run...it also suggests the earlier euphoria has eased off somewhat, resulting in a more measured approach.
Worth while having a closer look at the recent trading patterns of stocks such as ADY.
Cheers!
LEG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
