hi MK,
URL on the 02/03/2007 had huge volume (20,804,172), in fact it almost beat its record volume of 24,093,304.
Had I been holding URL at the time I would have sold simply due to the gap up on open. Just one of my own trading rules.
I don't think there is any way for you or I to ascertain if the sudden interest in a stock is valid or manufactured but like I said, if you get it wrong have tight stops on your initial entry.
Pump and dumps are a rarity.
We all know charts are historical and many "chart experts" find it very easy to read and iterpret the left hand side of a chart.
I have yet to meet a chartist who can read the right hand side.
URL was already in downtrend before the 02/03 with lower lows and lower highs.
It's not one I would have bought simply because of the gap on that day.
Nearly all gaps result in profit taking followed by a decline in the SPP and ultimately the gap is filled.
What I can say is that volume trading works for me well over 90% of the time.
But each to their own.
Cheers
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$64.06 |
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Mkt cap ! $12.42B |
Open | High | Low | Value | Volume |
$63.50 | $64.81 | $61.89 | $35.08M | 551.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1495 | $63.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$64.10 | 1005 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 339 | 63.680 |
1 | 155 | 63.300 |
3 | 355 | 63.010 |
3 | 1077 | 63.000 |
1 | 100 | 62.390 |
Price($) | Vol. | No. |
---|---|---|
64.520 | 5920 | 1 |
64.530 | 3700 | 1 |
64.800 | 330 | 2 |
64.990 | 282 | 3 |
65.000 | 11871 | 7 |
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