As for how volume fared, yesterday’s volume was up 38.11% from the previous day (tuesday), and up 15.17% from wednesday of the week before.
It should be noted, though, that a trend in the opposite direction, going down, exists on the 14 and 30 day timeframes.
As for how volume fared, yesterday’s volume was up 6.24% from the previous day (monday), and up 71.39% from tuesday of the week before.
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
This is a reversal of the price action on the previous hour, in which price moved up.
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
The change in price came along side change in volume that was up 11.44% from previous day, but down 43.61% from the thursday of last week.
This move happened on lower volume, as yesterday’s volume was down 18.14% from the day before — and down 17.86% from the same day the week before.
It’s been a feast for bulls operating on an hourly timeframe, as comcast corporation has now gone up 4 of the past 5 hours.
Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 14 day timeframe.