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Re: pantherj post# 45786

Friday, 11/18/2016 5:33:23 AM

Friday, November 18, 2016 5:33:23 AM

Post# of 82116
VWAP is a great tool for day trading but not typically for penny stocks. Too many variables and too many unknowns. Some examples include price uptrends, support and resistance, liquidity and light volume trends. Why is this important? Using the VWAP, how can that explain the current and recent uptrends in IFUS in both volume and pps?

VWAP uses specific variables in trending a stock and is great for stocks higher than penny level.

I'm no day trader, but have been known to buy in volume. VWAP does help me in making decisions, especially on stocks I intend to try and get a quick turn around and in some cases, helps me in the upper tier stocks, make a decision on selling.

There are tools out there to download, but it's not recommended for penny stocks.