These stocks witness a huge volume burst in the last leg of the trading session!
Last Updated: 31st May 2022 - 05:08 pm
Route Mobile, Lemon Tree Hotels, and Mastek Limited have witnessed volume burst in the last 75 minutes of the trade.
As the saying goes, the first, as well as the last hour of each trading session, is the most important and active in terms of price & volume.
More so, the activity in the last hour is said to be of utmost importance because most of the pro-traders and institutions are active at this time. Hence, when a stock sees a good spike in volume in the last leg of the trade along with a price rise, it is considered a pro, and institutions have a keen interest in the stock. Market participants should keep a close watch on these stocks as they can witness good momentum in the short to medium-term.
So, based on this principle, we have shortlisted three stocks that have witnessed volume burst in the last leg of the trade along with price rise.
Route Mobile: The stock skyrocketed over 9.24% on Tuesday. It traded positively throughout the day and volume increased as the day progressed. In the last one hour, the stock gained about 2% and closed nearly at the day’s high. It has recorded strong volumes recently and is off 30% from its prior swing low. With the stock being heavily traded, it is expected to be volatile with a positive bias for upcoming days.
Lemon Tree Hotels: The stock closed higher by 7.36%. Most of its gains came in the last hour of the session when the stock shot up nearly 5%. During this period, huge volume was recorded which is greater than 10-day and 30-day average volume. It is likely to be on the trader’s radar for a few more days considering the activity it has shown today.
Mastek Limited: The stock closed positive by 6.67% and at its day’s high. Throughout the day, it remained strong and traded higher. In the last 75 minutes, the stock jumped over 5% and recorded huge volume. It has surged above its 20-DMA and is off its priors win low by about 13%. With such positivity, we expect the stock to trade higher with heavier volumes in times to come.
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