RE: Volume near a breakout zone
I set email alerts for PPS for stocks that I believe are close to breaking out of a range.
I can also set volume criteria for the email alerts for any stock.
Is there a rule of thumb for what constitutes "high" volume? Or "better than normal" volume. I am thinking of volume that is high enough to be out of the ordinary.
Of course, it would be great to know the threshold for volume where it would DEFINITELY push the PPS up enough to break out. But that is not what I am asking here. I am wondering if there is a good rule of thumb as far as "elevated" volume goes.
Maybe this question, about breakouts, is self explanatory, but I figured I'd ask just in case there is some sage advice out there on when volume crosses the threshold to HIGH. The earlier you can see a breakout coming, the better!
Thanks a lot!
TM
All In My Opinion...
Which I try to keep Humble : )
