$STX volume is 4.3x its weekly average. Here is why that means a real move
Most traders watch price and ignore volume until it is too late
When $STX jumps 10.4 percent on normal volume it is just noise
Today $STX is trading 14.2M in volume against a 7 day average three times smaller
That huge gap tells you actual money is entering the book
To check this yourself just pull up the daily chart and look at the bottom bars
Divide the current bar by the average of the last seven bars
If the ratio is over two you know institutions are paying attention
Never trust a breakout when the volume bar looks like every other day
What volume ratio do you look for before taking a setup
#STX #TradingTips
Most traders watch price and ignore volume until it is too late
When $STX jumps 10.4 percent on normal volume it is just noise
Today $STX is trading 14.2M in volume against a 7 day average three times smaller
That huge gap tells you actual money is entering the book
To check this yourself just pull up the daily chart and look at the bottom bars
Divide the current bar by the average of the last seven bars
If the ratio is over two you know institutions are paying attention
Never trust a breakout when the volume bar looks like every other day
What volume ratio do you look for before taking a setup
#STX #TradingTips