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Take a look of our daily scan results on Volume Spike.

In the Volume Spike Screener results blog, we scan for stocks in NYSE and NASDAQ to look for stocks with volume spike or sudden increase of volume in a single day.

Interpretation

Stock chart volume is the number of shares traded during a given time period, if a stock is traded on a low volume, meaning generally there is not much trader interested in the stock. On the other hand, if a stock is traded on a very high volume, meaning traders are interested in the stock. Sometimes a surge in volume can often signify the end of a trend.

Take a look of our daily Volume Spike scan results

We scan for stock with the volume increase in a single which is 5 times the average past 30 trading sessions.

There are 2 type of volume spike we scan for:

• Volume Spike with advancing price - Stock price closed higher than previous session.
• Volume Spike with declining price - Stock price closed lower than previous session.

Caution: Every strategy has its drawbacks and this one is definitely no excaption and we strongly advice you to combine this strategy with other technical analysis to determine a strong and valid entry point.