These stocks witness huge volume burst in the last leg of the trading session!
Escorts, PGHH, and FACT 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.
Escorts: The stock surged nearly 1% and closed near day’s high. In the last hour, the stock witnessed huge buying interest and recorded huge volume during the process. Moreover, the daily volume is over 10-day and the 30-day average volume. With such a huge volume, the stock is expected to be traded heavily in times to come.
PGHH: The stock soared about 2.16% on Tuesday. Most of its gains came in the last hour when the stock surged about 1.5%. About 65% of the total day’s volume was recorded during this period. The stock recovered smartly from its low and closed at day’s high. The ongoing bullishness is likely to continue for some more time and volumes are expected to rise further.
FACT: The stock traded negative for most of the time. However, it witnessed buying interest towards the end of the session. During the last hour, the stock gained about 3% and recorded huge volumes. Nearly 60% of the total day’s volume was recorded in the last hour. The stock formed a bullish pin bar candle and long wick at the bottom. With buying emerging towards the end, the stock is likely to remain positive for the coming few days.
About the Author
Start Investing Now!
Open Free Demat Account in 5 mins