Sun, Sep 21, 2014, 7:21 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Silver Wheaton Corp. Message Board

  • crichton314 crichton314 Oct 9, 2013 2:13 PM Flag

    Short Covering?

    I'm not following the news today so don't know what / why SLW is moving the way it is. Just took a peak at daily price volume action on Yahoo minute chart & saw some interesting developments.

    -- The day opened with the usual torture & beating, Opening drop on volume.
    -- We hit some kind of bottom around 10:15 followed by a low-volume rally starting at 10:30
    -- The weak rally faded by 11:30 as there was no volume to support it. SLW drifted back to 22-20.20 area.
    -- At 1:30 we see sudden buying on volume, what a concept! I counted two big spikes +50K shrs.
    -- Right now (2:00) we're at 3.5M shrs so far today.
    -- In less time than it took for me to write this it appears we've hit break even & now going back in the red.
    -- @ 2:00, looks like we're trying to claw are way back to green again!

    What interests me is the sudden is that move from $22.20 to $22.70 that started @ 1:30 & the fact SLW still seems to be hanging around that area. Of course by the time anyone reads this, who knows where it will go?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
SLW
21.39-0.86(-3.87%)Sep 19 4:07 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.