I read today that the next couple weeks are historically very low volume affairs. I guess everyone is shopping for back to school specials. It sure looks that way according to the Aeropostale Inc (ARO) long term chart.
The Nasdaq Composite Index (COMPQ) has had five lower volume days in a row. This is a positive way to work off an overbought condition.
The Smallcap SP600 Index (SML) looks even stronger. This is the 23rd trading day off the low and a move back to the 50 day moving average with few buyers is very possible.
Charts courtesy of Stockcharts.com
Post Modified: August 19th, 2008 at 8:01 pm
Tags: Growth Stocks · Nasdaq Charts · VolumeNo Comments
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