Chesapeake Energy Corporation Message Board
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weak volume
I've always been told to be wary when a stock moves up on low volume. Next week or 2 might be a better time to wait to buy more. Thoughts?
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Weak compared to what it has been maybe, but 8 million share is pretty good volume!
- 1 Reply to travenor000
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>8 mil vol on a Friday before a holiday......weak?? Noooooo!!!
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Technically it is the other way arround ....
Yes you would like to see a strong volume on up days, but.. the fact that a strong support area (31.75)was tested today and bounced well above from it, even with the light volume and all that not so bullish news about NG, will sufice to say...we are done with the bounce--and it is time to buy now...
GL- 1 Reply to techno3454
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Maybe a little now and a little more next week. Thanks. I have a good bit long and I do like these little dips.
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NO -- you buy on low volume downtrend. Today was an opportunity. I bought yesterday at $32.15 (just a little more), and would submit this is still a good price. NG should rebound next week by 50 cents.
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