Zacks’ Voice of the People Highlights user ThisColoradoKid: “Unusual Stock Movements” from the People & Picks community.
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Unusual Stock Movements
Something noteworthy in the Intraday charts today was a number of stocks taking quick bursts higher — as 1% on a single bar — then falling back to near where the rally started or simply topping right there. Pacific Sunwear (PSUN), DryShips (DRYS) and Clearwire Corp. (CLWR) are examples. So far there isn’t news to support the spike.
I’ve found the need lately to increase the amount of risk I’m taking on any stock that has had expanding daily ranges, reflected by the ATR [“Average True Range”]. Stocks with large ATR’s always require a lot of room to move but the activity today looks like gunning stops more than normal.
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