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First Niagara Financial Group Inc. Message Board

  • archieroo3 archieroo3 Jan 31, 2013 12:58 PM Flag

    Volume-Price Comparison Between this sell-off and last suggests accumulation pattern

    On Nov 2 we began a 10 day sell-off. During those 10 days, price dropped by $1.40 and 35 MM shares were traded before the bottom was hit. This time, from the same price level, we had a 6 day sell-off on 39 MM shares traded and a price decline of only $0.70. About half the time and half the price decline but on even more volume! What does this signal? Obvious accumulation. Assuming we have found bottom again.

    Sentiment: Strong Buy

 
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