Registered User
Joined: 3/14/2005
Posts: 20
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I am not all that experienced a trader (less than 2 years actively) but I know enough to get by and make some respectable returns in up markets. Recently, in my daily research, I came across the stock HBHC.
HBHC is a somewhat thinly traded stock (average volume of 159,000 according to Google Finance), but what I am wondering about is the huge volume spike on Friday with very little price movement. It seems to me that something is going on over there. Why would a stock trade with such high volume without breaking out to the upside (or downside)?
Would I be right in assuming that there is probably going to be a large price movement sometime in the next little while, with the large volume foreshadowing that move? The indicators like TSV and Moneystream look okay on it, and BOP looks like there is some accumulation going on. Or am I seeing something that is not there? I went to Yahoo Finance and the headline for June 23 (a week before the move) said they were to announce earnings on July 18. Maybe somebody wants to get in and knows something we do not?
Just wondering if anybody has any thoughts.
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