Lower close - 25 days Higher close - 39 times Close same as open - 69 days
Single Day Volume Over 100k shares
Lower close - 30 days *Higher close - 23 days Close same as open - 1 day
*However, 11 of those 23 days have come since 8/13
**You can take from this "tidbit" that either SMKY has been trading this last month as an aberration to a pattern, or that SMKY is beginning a new trend. I'm sure we will have plenty of discussion on that one.
Here are the facts about how SMKY has traded this year:
1. 71% of every trading day there will be less than 100k volume. 2. 56% of every trading day that the volume was over 100k, the PPS closed lower than the open. 3. Out of every day that SMKY had a positive PPS reaction (closing at or above the opening PPS) 82% of those days were on low volume (below 100k). 4. On low volume days, the PPS closed lower only 19% of the time.
I'm not a statistician, but I find it helpful to know how a stock trades.
I am positive, however, that this is only a simplistic view of how SMKY trades, a more accurate description would include how the PPS moves throughout each trading day. End of day paints (either up or down) can distort the figures.
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