I have been tweaking my Stockfetcher scan for former zero volume stocks. Here are two stocks that came off of that scan. I’m not convinced that the scan is very useful yet. Here is the current incarnation of that scan:
stocks where volume is 500 percent above average volume(90)
and price is between .05 and 20
and date offset is 0
and volume is greater than 200000
and average volume(20) is less than 100000
and close is greater than open
SIHI – It broke through the important $5 mark today and went 10% higher. It should run more on green tomorrow. Volume is very low in absolute terms, though.
NOEC – Looks a little overextended after running from $1 to $1.55 in three days, but considering it is not a really huge move and it is lower volume, I almost certainly will not play it. Short on red.
CTDC – My only really interesting potential play tomorrow. It is up bigfrom $2.90 to $3.90 in two days and after a morning spike today it faded all day. Short on red.
AWSL – Nice pump, no shares anywhere. Too late to try it long unless you have balls of steel.
Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy.