For today's screen, I ran through my volume buzz screen on stocks that are trading on higher than usual volume, not just today, but in recent days, and then identifying those trade setups that offer actual opportunities for swing-trading.
You see, when you have high volume and favorable price moves, the volume validates the price move and provides legitimacy to the appreciation in price you are seeing.
Of the seven trade setups, only 2 are short setups, which happen to be FHN and SPLK.
Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida with a wife of seven years as well as one lively son. More >>
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SharePlanner provides swing trading, day trading, options income, and speculative strategies for traders. You will find a wide array of material to help develop and hone your trading skills and abilities, from videos and courses to learning about specific trading strategies. As always, SharePlanner will provide the best actionable trade ideas for "right now" as well as all of the research and technical analysis that you need to make you a better and more profitable trader.