Raising Gains with Higher Volume
When a stock shows price gains in heavier-than-average volume it is often an indicator that further upside moves are coming down the pike. The heavy turnover means institutional investors have conviction about the stock and are getting on board.
Stocks that show this kind of robust technical action in a market downturn are often setting up for the next market rally. One of my own biggest successes from tracking a big mover in a downturn was Green Mountain Coffee Roasters (GMCR) in early 2009. Before the major indices went into rally mode, Green Mountain was showing bullish chart action, including some days of significant price gains in above-average trading....476 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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