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REL 0.2¢

trading pattern of interest

  1. yanlin

    3,361 Posts.
    The other day a fellow poster made an observation about REL that caught my eye. (Sorry, I forgot the poster).

    What was indicated was a substantial increase in volume and a change in the size of each average trade. This pattern has now continued for 3 consecutive days - volume over 2 million shares and big single trades.

    I don't know what is going on, but now there is a big split between buyers and sellers (8.2c Bid versus 8.74c Offer). Stock is up 5% today. Also, selling depth is very skinny indicating a drying up of sellers.

    If anyone has any ideas I would be interested in your thoughts. It seems as though some people are building positions, maybe ahead of an announcement or something???

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