TSYS - $10.02
This stock has just broken out on almost triple volume and should be added to your watch list for possible future purchase. This company has an 83% jump in earnings over same qtr one year ago. If you conclude this is a buy then wait for the pull back when the stock goes quiet on low volume (if any stock pulls back on high volume then it should be removed from your watch list). This stock is currently extended and could easily retrace back to the pivot point. Remember to use the sell stop after any purchase since any stock can fall if the general market decides to fall.
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rmhs - I notice that BWLD has had a second day of reduced volume, which I'm assuming means the sells are drying up, and the stop has slightly up. Is this a good indicator to buy or is best to wait until you start to see a increased volume to the upside which indicates another leg up?
ReplyDeleteHi Anthony,
ReplyDeleteWhen a stock finishes its basing pattern or consolidation after a recent jump on high volume there is never a guarantee that it will jump up again on high volume. Of course it re-affirms the buy conviction if it does but often the stock will just slowly march upwards on low volume. Yes I agree the volume is drying up giving a good indication. Is it onward and upward from here? .... I have no idea.