Trading Floor Blog With Nick Perry

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Stocks Showing Unusually Heavy Volume - Targacept Inc, Cytec Industries, Tempur-pedic International Inc, Google Inc

10/19/2009 8:00 AM
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Keywords:

TRGT

 

CYT

 

TPX

 

GOOG

 

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: Response Genetics Inc. (RGDX), Shaw Group (SGR), Targacept Inc (TRGT), Valmont Industries (VMI), Sycamore Networks (SCMR), Sensient Technologies (SXT), Cytec Industries (CYT), AudioCodes. (AUDC), Glacier Bancorp (GBCI), Pinnacle Gas Resources, Inc. (PINN), Universal Forest Products (UFPI), EPIQ Systems (EPIQ), Canadian Solar Inc. (CSIQ), DSW Inc. (DSW), Ocean Power Technologies Inc (OPTT), Linktone. (LTON), Mattel (MAT), Church & Dwight (CHD), Spanish Broadcasting System (SBSA), Tempur-pedic International Inc (TPX), Bare Escentuals, Inc. (BARE), Estee Lauder Companies (EL), Quiksilver (ZQK), Emulex Corp. (ELX), Google Inc (GOOG).

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
10/19/2009 8:00 AM


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