These stocks witness a huge volume burst in the last leg of the trading session!
Last Updated: 6th June 2022 - 04:06 pm
Hemisphere Properties, Sumitomo Chemicals, and Century Plyboards 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 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.
Hemisphere Properties: The stock surged about 7.84% on Monday. It traded positively throughout the day and gained strong momentum towards the end. It gained nearly 1% in the last hour of the trade and recorded above-average volume during the process. The stock recorded volume greater than the 10-day, 30-day and 50-day average volumes, thus indicating strong trading buying activity. With such positivity, we expect the stock to be traded heavily in times to come.
Sumitomo Chemicals: The stock soared about 4.87% and has hit a fresh 52-week high. It traded with volatility but gained sharp bullish momentum as the day progressed. In the last 75 minutes, the stock jumped around 1% and gathered huge volumes. About 50% of the day’s volume was recorded during this period. Thus, with such huge buying interest, we can expect the stock to be trending higher in near future.
Century Plyboards: The stock gained about 2.62% today. It traded negative for most of the day but closed significantly higher at the end. The strong buying towards the end can be attributed to institutional investing as it gained about 4% in the last 75 minutes. Moreover, the daily volume was found to be greater than the 10-day and 30-day average volume. It is likely to stay on traders' radar in the upcoming days.
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