These stocks witness huge volume burst in the last leg of the trading session!
Burger King, CAMS, and FDC 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.
Burger King: The stock skyrocketed over 6% and closed above its 20-DMA. It opened with a gap-up today and continued to surge higher as the day progressed. The stock gained about 3% in the last hour of the trade and has recorded huge volume during the period. About 60% of the day’s volume was recorded which highlights institutional activity in the stock. With stock surging towards the end of the day, we can expect the stock to be traded heavily with positive bias.
CAMS: The stock was slightly up and gained momentum towards the end of the session. It soared about 5.61% from which about 4% gain was recorded in the last 90 minutes. Above average volume was seen on the technical charts which demonstrates increasing buying interest in the stock. The stock is expected to continue the momentum and hit above average volumes for some more time,
FDC: The stock jumped about 3.29% and traded positively. The volumes continue to mount as the day progressed. Above average volume was recorded on the daily timeframe which highlights larger participation in the stock. The stock has taken out its prior high and is in the focus of many traders looking for quick profits.
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