PM, yes you are correct. I do like to compare volume against the 50dma which is true indicator of price action and in my post I did use only gross volume as the quick post and to show the area plays in general. I copied NOT and SPQ's action below which does indicate a higher 50dma volume which is very positive. I would not look at the values as this is a spectulative play only, but volume does speak volumes.
Noront Rsrcs(NOT) |
Pricing as of 2/8/2008 |
Venture Exchange - (V) |
CompanyOpenCloseChange% ChangeVolumeAvgVolHighLowValueStopRec
NOT |
$4.35 |
$4.86 |
$0.49 |
11.21 |
2,047,696 |
894,200 |
$5.12 |
$4.35 |
$0.37 |
$4.28 |
Hold |
Spider Rsrcs(SPQ) |
Pricing as of 2/8/2008 |
Venture Exchange - (V) |
CompanyOpenCloseChange% ChangeVolumeAvgVolHighLowValueStopRec
SPQ |
$0.11 |
$0.12 |
$0.01 |
4.55 |
2,665,200 |
1,433,600 |
$0.12 |
$0.11 |
$0.03 |
$0.11 |
Hold |