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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: good2yah who wrote (4824)8/6/1999 9:30:00 PM
From: James Strauss  Read Replies (1) | Respond to of 13094
 
What should I look for to know the stock is past it's resistance? Once it break through 2 1/4, does it matter if it's on light volume?

G2:

When a stock breaks through resistance you like to see volume that is greater than the average volume... This tells you that the last of the sellers at that price level are gone... If volume is light it could be a reflection of the buying drying up...

Jim