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Dr. Reddy's Laboratories Ltd. Message Board

  • carolyn_novice carolyn_novice Apr 28, 2014 10:01 AM Flag

    Unusual High Volume today RDY 44.51

    Keep an eye on volume for clues.

    There are lot drug related stories, but RDY could be moving a sympathy stock.

    First half hour volume ….122,964……10:00am
    Average Daily Volume……..294,438

    Before a big move the volume and price are the leading indicators. It looks like short covering; there is a spike and no consolidation or backing and filling.

    Most of the trades are 100 to 200 bid and offer yet.

    Maybe we are getting closer to this indicator to verify.

    It looks like we could double the average the daily volume.
    Question remains will the price appreciation so far remains?

    Good luck!

    Sincerely,

    Carolyn Novice

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I was able to fill my $42.00 per share limited order in the last two weeks. Luckily for me, it dropped below $42 just long enough for my order to fill. I prefer to average down my cost basis but on RDY I'm averaging up with my lastest purchase. I'm hoping to add additional shares of GILD, HCSG, and/or RDY. I'll buy the next time one of those stocks show some weakness. Right now, they are all too strong to add additional shares. I have some extra cash now because I recently sold BLK shares. .

      • 1 Reply to ktumle
      • This markets internals are getting weaker; it is not advisable to buy stocks on dips or on weakness. My Mutual funds are doing poorly; even market is up like today, most of the mutual funds are down. Until, Google, Priceline, Facebook make base, the market is vulnerable.

        I own RDY, but will give a few more weeks, Indian election results are due by middle of May 2014.

        It is doubtful RDY rally to continue tomorrow.

        Good luck!

        Sincerely,

        Carolyn Novice

        Sentiment: Strong Buy

 
RDY
45.51-0.17(-0.37%)Aug 26 4:02 PMEDT