Zacks’ Voice of the People Highlights user OnIslandTrader: “Bounce in Progress, But…” from the People & Picks community.

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Bounce in Progress, But…

Can we get a little volume here? I know we’re in the slow summer months, but volume was dismal in last week’s rally. Just look at how volume dried up as the week progressed.

All we know for now is that a sentiment-driven dead-cat bounce is in progress. Whether that bounce will lead to further buying or prove to be a gasp for air before diving deeper is unclear. Hopefully this week will provide a few clues.

For now remain hedged and continue looking for promising stocks among the rubble. Universal Display Corp (PANL), a leading OLED lighting and display company we highlighted back in May, is doing just fine despite the troubles affecting the broader markets.

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