This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: quick buck on small moves. Sirius XM (SIRI) and Sprint (S, Fortune 500) are two single-digit stocks that are heavily traded. This can be seen as both good and bad news for the markets. On the one hand, low volume may signify a lack of conviction: when stocks go up without a lot of trading, it may be a sucker's rally. But on the other hand, low stock volume apparently doesn’t hurt as much as it used to. Ryan Detrick, senior technical strategist with Schaeffer's Investment Research in Cincinnati, says that low volume may be something that's confined to stocks, and that investors may simply be gravitating toward other asset classes, such as commodities, currencies and options. Source: http://money.cnn.com/2011/05/06/markets/thebuzz/index.htm Jon Franco ACCT 305 Extra Credit "Without question, Citi's split will affect volume," said Ryan Detrick, senior technical strategist with Schaeffer's Investment Research in Cincinnati....
View Full Document
- Spring '08
- Citigroup, senior technical strategist