Another day with more impressive support. I can tell that the burners
of Rocket-Ship Vivus are in the ignition stage. Here's why I think so.
Today the following blocks traded at the offer during market hours: 75,000
@31, 50,000 @31.25, 25,000 @ 31 3/8, 25,000 @ 31. At the bid, there was only
1 block of 25,000 traded @ 30 7/8. After market hours, there were 3 blocks
traded: 18,000 @ 31 3/8, 15,000 @ 31 1/8, 25,000 @ 31 1/4 (All appear to
be at the offer). During the day, 720,300 traded at the offer, 449,400 at
the bid and 291,000 in between. It appears to me that there is substantial
accumulation taking place. Also, you will see below that the intraday rallies
took place on heavy volume.
Time interval Close Net Change Open High Low Volume
09:30 - 10:30 30 9/16 - 1/16 30 3/8 30 9/16 30 154100
10:30 - 11:30 30 7/8 + 5/16 30 1/2 31 30 1/4 405900
11:30 - 12:30 30 7/8 unch. 30 15/16 30 15/16 30 5/8 125200
12:30 - 13:30 30 15/16 + 1/16 30 7/8 30 15/16 30 11/16 71200
13:30 - 14:30 30 7/8 - 1/16 30 15/16 31 30 11/16 190900
14:30 - 15:30 30 3/4 - 1/8 30 7/8 31 30 11/16 166800
15:30 - 16:00 31 + 1/4 30 15/16 31 7/16 30 3/4 288000
This data was compiled from the Bloomberg Financial System.
| |
