RE: Beginners Questions
(2014-09-04, 10:35 PM)Tryst Wrote: Hi Isatrader, do you ever see this kind of volume multiples on FTSE100 Companies? So breakouts on such mammoth equities still brings with it 3-4x volume?
It's very rare on large cap FTSE 100 stocks to get a weekly volume at those levels for sustained periods, which is why they don't come up in the UK watchlist very often, as it's a key metric of my scans. Like I said previously, it's much more common to see the more dramatic shifts in volume in less well known names, that might become the household names of the future. Every heard of TUNG.L? I haven't. But it's come up in my scans a few times the last few weeks due to it's breakout from a nice consolidation with good volume for a UK stock on the up moves and is already in the FTSE AIM UK 50, and so looks more promising to me than a lot of UK stocks currently, and is something I'm considering doing more research on.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.