The purpose of this screener is to detect ultra high volume in a stock trading that may indicate a reversal of a trend to uptrend from sideways or downtrend. The volumes are compared with historical volumes extended to the previous 1 year
"Also, stocks listed on the screener may have increased volatility and activity that may exhibit big movements (either upward or downward) over a short time span. Traders need to be cautious. Stocks listed in this screener may be used in conjunction with other technical/fundamental indicators
"This screener also intends to eliminate false technical breakout. Due to the sheer magnitude of the volume, for most of the times the breakout is real.
Disclaimer: Use of the information herein is at one's own risk. The information provided here is not, and must not be construed to be, or form part of, any recommendation, offer or invitation to buy or sell any securities. Some of the information here is exclusively for iSaham clients only.