Another push by IBD style investors.
High volume is proof IBD style investors dumped when NQ went below 19 and then bought back after heavy volume bounce. Weekly closing is healthy as volume is greater than last week and closed in upper half trading range of week. Only negative pointed out by IBD that NQ is 100% over 200 DMA. It is a red flag and need time to digest all quick gains.
Is buy IBD section B
Huge volume same money in and out
WETHER BIDU OR QIHU WILL BUY THIS ?
Yes it is not behaving in usual manner and due to heavy short interest shorties were clobbered
Even IBD is surprised with magnitude of fall and rise. But due to heavy volume you have to believe in bull bias now. First today it looked fake rally as usual but after 2.00 PM another boost came when old high was broken.
IBD says buy on breakout and then will say breakout fizzle out sell if you are under 7%
Buy again if it get again at old high and again bad news on stock sell outright and cut your loss and look new bride so you are captured follower of IBD mantra.