Volume plays a very important role in bullish breakouts. If a stock breaks-out of the tight range after long period of consolidation, you will find that the volumes are usually much more than the average volumes.
This program sorts the most active stocks by the volume ratio (Day’s Volume / Average volume for 1 calendar month). If there are come stocks that are showing unusually heavy volumes early in the session then it becomes lot easier to short-list the multibaggers for the day especially for intraday trading purposes.
Be watchful when judging the breakout stock. The result may not be very reliable when the unusual volumes are:
– due to bulk deal
– not supported by the breakout of the tight range
– near the result (or other important announcement) day