Strong Volume Gainers (MTX,UNFI,MTOX,FXR,CRED)
What's a Strong Volume Gainer?
A strong volume gainer is when volume is four times greater than the 20-day SMA and is above yesterday's close.
Higher volume many times offers profits from mathematical correlation speculating, arbitraging takeover attempts or mean reversion trading.Looking to trade strong volume gainers? Look no further, the Masters have you covered. Out of a multitude of stocks, here are our top 5 picks.
Minerals Technologies Inc (MTX) is currently trading at $62.4 on volume of 388868. Its 52 week range is between $46.17 and $69.54.
United Natural Foods Inc (UNFI) is currently trading at $51.2 on volume of 1190893. Its 52 week range is between $32.83 and $51.92.
MEDTOX Scientific Inc (MTOX) is currently trading at $26.71 on volume of 800933. Its 52 week range is between $11.64 and $26.88.
First Trust Indust/Producer Dur AlphaDEX (FXR) is currently trading at $17.06.on volume of 550128. Its 52 week range is $13.81 and $19.98.
Credo Petroleum Corp (CRED) is currently trading at $14.38.on volume of 815814. Its 52 week range is between $7.14 and $14.38.
MASTERY Bottom line:
A stock moving up in price on higher than normal volume indicates strong buying conviction that could carry the stock even higher. A stock headed lower on big volume increases could signal strong selling pressure and an emerging downward trend. However, while it is easy to find a system that has worked well in the past, there's no guarantee that it will work in the future..
Best of the Blogs
Scanning and identifying the best blog entries every hour
- I Think Icahn | Financial Sense
- Payrolls Miss Huge: April Jobs Rose Only 160K, Below 200K Expected; Unemployment Rate At 5% | ZeroHedge
- "We'll Respond Totally Asymmetrically" - Russia Answers NATO With Three New Deployments | ZeroHedge
- Freedom Isn't Free: It Costs Taxpayers $700 Billion Per Year | ZeroHedge
- Breaking Down Warren Buffett's Rosy Outlook For America | ZeroHedge
- Favor Delivery: How Many Reckless Drivers Driving Without Insurance? | ZeroHedge
- Guest Post: The Great Western Retreat | ZeroHedge
The most relevant financial news and articles from the Internets
- Africa's largest oil producer just took another huge blow to its... | Business Insider
- North Korea... | Business Insider
- 8 great turntables for beginners and audiophiles alike | Business Insider
- 38 of the most hilariously awful texts people have gotten from their crazy neighbors... | Business Insider
- I tried Fitbit for a month, and taking it off was the best decision I've made (FIT) | Business Insider
- Yelp explodes 20% out of the gate after crushing Wall Street's expectations (... | Business Insider
- Doctors now say this type of cancer isn’t actually cancer — and the new... | Business Insider