Volume Clues

• May 13, 2002
• Duke Heberlein

Volume spikes intraday can be a good indication of future price movement.
When the nature of markets is to spike, rest and then move back in the direction
of the initial move, volume can be a confirmation.

 

5-10-2002

11:27:06

Intraday Setup Alert

Davita Inc. (DVA)
is forming a counter trend rally from its intraday low. DVA is down 1.36 at
20.99.

 

 

 

DaVita
(
DVA |
Quote |
Chart |
News |
PowerRating) on Friday drops on a big volume spike alerting
traders that more downside action is likely as the stock moves in a counter
trend rally on lighter volume.

 

 

The volume clue was true, as the stock falls an additional 1 1/2
points out of the pullback. Learn to see the signs along with the alerts
provided in TradersWire Interactive,
and soon you will be putting the pieces together.

Until tomorrow,

Duke