Stock market technicians know the importance of trading volume. Active trading fuels price movement. However, in some conditions price advances under low volume of trading conditions alerts us to possible breakout stocks. Stock Trends monitors for these situations in the weekly Low Volume Gains reports.
This week two TSX stocks draw out attention, one of which is SXC Health Solutions (TSX:SXC), an IT company supporting the health management industry. The health sector has come to the stage in recent weeks, primarily in the U.S. reports. SXC fits into the sector's strength, and its tepid price momentum is developing. The stock closed at $15.04, a 5.5% advance on the week, with the Stock Trends low volume indicator. As a Stock Trends Weak Bearish stock SXC is a good candidate for a bullish turn once the market is drawn to this ember.
1 comment:
I say go healthcare.
Post a Comment