That massive sept $220 trade was nothing more than a rollover from a jun $205 position.
While pending bearish price action in the stock market, i am still not bearish yet!
To my knowledge they haven’t even started their buyback of $7b / this is at least $400 within a year and the cv actually benefited them in getting to a cashless world faster.
This move happened on lower volume, as yesterday’s volume was down 14.11% from the day before — and down 0.88% from the same day the week before.
The change in price came along side change in volume that was down 13.7% from previous day, but up 62.05% from the tuesday of last week.
As for how volume fared, yesterday’s volume was up 58.44% from the previous day (sunday), and up 38.14% from monday of the week before.
Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 30 day timeframe.
For me that’s a pro for any long term investors.
Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up.
This move happened on lower volume, as yesterday’s volume was down 0.9% from the day before — and down 20.66% from the same day the week before.