Elbit Imaging Ltd (EMITF)

[midastouch017]

Note:Volume increased immediately after the PR
Peculiar Volume Noted in Session for Elbit Imaging Ltd. (NASDAQ:EMITF)CSZ Staff | October 11, 2016

Shares of Elbit Imaging Ltd. (NASDAQ:EMITF) are experiencing unusual volume during today’s trading. While the stock price moved along with the volume change, shares are touching $3.96 at the time of writing. The day’s total volume of 75227 this morning is in contrast from the three-month daily average of 20.66K. When we divide the current volume by the three-month average volume, we get a relative volume of 3.64.

Why is this important?

Trading volume is a hugely important consideration for any investor. By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock. A significant increase in trading volume means that more than double the average amount of stocks are moving. When volume is decreased significantly, it may indicate there is an issue that shareholders should watch out for. It’s also important to take into consideration how long the unusual volume sustains for. If it’s only the one trading day, it can be dismissed as an anomaly.