Trading Floor Blog With Nick Perry

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Stocks Showing Unusually Heavy Volume - Pre-Paid Legal Services Inc, Hot Topic Inc, China Medical Technologies Inc, Trina Solar Limited

11/20/2009 7:50 AM
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Keywords:

PPD

 

HOTT

 

CMED

 

TSL

 

Here are the results for today's unusual stock volume scan. The scan looks at the previous day's volume and compares it to the recent average volume. It then sorts the stocks based on those that showed the biggest increase (the "unusual" part) in volume.

Companies included in today's scan are: Pre-Paid Legal Services Inc (PPD), Affymax, Inc. (AFFY), Sappi (SPP), Tenneco Automotive (TEN), Build-A-Bear Workshop, Inc. (BBW), Central European Distribution (CEDC), Hot Topic Inc (HOTT), Solarfun Power Holdings Co Ltd (SOLF), China Medical Technologies Inc (CMED), The DirectTV Group Inc (DTV), Dick's Sporting Goods Inc (DKS), City Holding (CHCO), Comverge, Inc. (COMV), Cyberonics (CYBX), Donaldson (DCI), Jack In The Box (JBX), Trina Solar Limited (TSL), AirTran Holdings Inc (AAI), Netlist, Inc. (NLST), Williams-Sonoma (WSM), United Online (UNTD), ArthroCare Corp (ARTC), Suntech Power Holdings Co Ltd (STP), Akeena Solar Inc (AKNS), Eagle Bulk Shipping Inc. (EGLE).

These are the top stocks from today's scan, which has some basic filters to eliminate stocks that don't trade frequently. A description of the column headings is below.

  • Move Previous Day - yesterday's percent return.
  • Volume Increase - looks at the previous day's volume and compares it to the recent average volume. It then sorts the stocks based on those that showed the biggest increase (the "unusual" part) in volume.
  • Close - yesterday's closing price.
  • Total Ratings - number of analysts who track the stock, according to Zacks.
  • Buy Percent - percent of the analysts who rate the stock as a "buy". I use this to help gauge sentiment and potential buying demand. If everyone already loves a stock, that means a steady stream of new money will need to enter the stock to fuel a rally.

Note - sentiment data is current as of the previous trading day...


-posted by Nick Perry
11/20/2009 7:50 AM


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