Chicago, IL - May 2, 2012 - Stocks in this week's article
Lithia Motors Inc.
TransDigm Group Inc.
). Kevin Matras shows how to use weekly price and volume to help
determine future market direction and spot institutional
Screen of the Week written by Kevin Matras of Zacks
With the market gyrating up and down lately, it can be difficult
to determine which stocks are poised to move higher and which ones
are just marking time before heading lower. One of the best ways to
determine this is to look at the volume; specifically, how the
price and volume move together.
I mention this because price typically follows volume. So in
this week's screen I want to focus on stocks with increasing Price
One of the reasons why I like to look at increasing volume is
because it's one of the best ways to spot institutional buying.
This is important because regular, everyday investors do not have
the power to move the market or to make a noticeable blip on the
volume's bar chart. But big institutional traders do. And nothing
can move a market more than seeing these guys pile in.
When you hear someone say the market was up or down on big
volume, that's more than just an interesting fact. To the
technically savvy, that can act as a clue to investor sentiment and
a chance to get in and ride the wave while the big guys are getting
So in this week's screen I'm searching for stocks with
increasing volume over the last couple of weeks. Not just a couple
of days, but weeks. This helps me see true demand that seems to be
building over time. There may be an occasional light day here and
there, but in total, I want to see it growing week by week.
And while there are plenty of stocks that fail to meet these
criteria right now, there are lots of really great stocks that do,
and those are the ones we're concentrating on.
The parameters to the screen I'm running this week are as
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AMETEK INC (AME): Free Stock Analysis Report
HARLEY-DAVIDSON (HOG): Free Stock Analysis
LITHIA MOTORS (LAD): Free Stock Analysis Report
NCR CORP-NEW (NCR): Free Stock Analysis Report
TRANSDIGM GROUP (TDG): Free Stock Analysis
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