Volume as an indicator

Often times in stock chart reading you are not able to get a clean read on the direction that a stock may be going. You may have a number of things within a chart that help create a bias, like a moving average that has been support several times in the past, but there are always elements that provide a hint of doubt.

There are moments however where one indicator on a chart sticks out like a sore thumb. For an example, I bring you the Daily chart of $SCS:

It is said that only Price pays. However, it sure is nice when volume is screaming: “they want in”. A very nice run up into earnings, a nice reaction to their report as well.

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