At the Stealthy Trader, we've devised some unique scripts that not only trigger when there's explosive volume in a stock but also grade the activity so as to weed out fake-outs.
So, going a few weeks back, CNDO exhibited a number of unusual surges which caught our interest and we eventually issued a Buy Alert as witnessed on our Significant Alerts Page.
As is sometimes the case with such sensitive filters, we can be a bit early..
But that's an inconvenience that we're more than happy to account for.
Well, this morning was pay day :-)
Our "in the trenches" methodology allows us to not gamble when the trades are flying fast and furious..
We prefer to pick our spots when things calm down a bit yet we notice the next round of "disguised accumulation" thus reducing the chance of getting stopped out.
Also, we look for confirmed support at key levels and our filters do the rest..
Perhaps tomorrow this one will continue on it's run??
Reach out and we'll be happy to get you up and running on a trial demo so you too can take advantage of our methodology.
But don't wait too long as I sense that this one might not wait for you..............