Here are the results for today's unusual stock volume scan. The scan looks at the previous day's volume and compares it to the recent average volume. It then sorts the stocks based on those that showed the biggest increase (the "unusual" part) in volume.
Companies included in today's scan are: Arbitron (ARB), Lincoln National (LNC), Jack In The Box (JBX), BJ's Wholesale Club (BJ), La-Z-Boy Incorporated (LZB), AutoZone (AZO), Pacific Sunwear of California (PSUN), Target Corp. (TGT), OSI Pharmaceuticals Inc (OSIP), W.R. Grace & Co (GRA), Citigroup Inc (C), Newport Corp. (NEWP), Stryker Corp. (SYK), Ford Motor Co (F), Saks Incorporated (SKS), DryShips Inc. (DRYS), Comverse Technology (CMVT), Biovail Corp (BVF), LDK Solar Co Ltd (LDK), Yahoo! (YHOO), Ctrip.com International (CTRP), Ariba Inc (ARBA), Baidu.com Inc. (BIDU).
These are the top stocks from today's scan, which has some basic filters to eliminate penny stocks and those that don't trade frequently. A description of the column headings is below.
- Move Previous Day - yesterday's percent return.
- Volume Increase - looks at the previous day's volume and compares it to the recent average volume. It then sorts the stocks based on those that showed the biggest increase (the "unusual" part) in volume.
- Close - yesterday's closing price.
- Total Ratings - number of analysts who track the stock, according to Zacks.
- Buy Percent - percent of the analysts who rate the stock as a "buy". I use this to help gauge sentiment and potential buying demand. If everyone already loves a stock, that means a steady stream of new money will need to enter the stock to fuel a rally.
Note - sentiment data is current as of the previous trading day...
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