Surge in Volume Lifts Apple (AAPL) Stock

For about 30-minutes buyers attempted to drive shares of Apple Inc. (AAPL) through the $100.00 barrier only to see their efforts thwarted. Shares quickly gave up 15-cents before the next assault began. The chart below shows a massive burst of volume that lifted the stock convincingly through the critical barrier. In the space of just 15-seconds, buyers cleared the decks lifting 1.614mm shares and created a vacuum among sellers, allowing the share price to quickly gain another 35-cents. The volume surge is more than 60-times the average volume of a 15-second timeframe when shares in Apple trade on daily volume of around 33mm. The all-time high for Apple stands at $100.72.

Chart – Surge in volume lifts Apple

(click to enlarge)

About Andrew Wilkinson 1023 Articles

Affiliation: Interactive Brokers

Andrew Wilkinson is the senior market analyst at Interactive Brokers Group, where he provides daily commentary and analysis on U.S. equity options trading throughout the trading day. Andrew provides webinars designed to explain option-related trading scenarios covering futures, fixed income, forex and equities.

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