QCOM: Pro traders' end of day reaction to AAPL news

QUALCOMM Incorporated (NASDAQ:QCOM)

NASDAQ:QCOM QUALCOMM Incorporated

candlestick volumestudies beyondta qcom aapl settlement protraders hft candlestickpattern

The huge candlestick yesterday was NOT HFT activity. A run occurred toward the end of the day, driven by pro traders who received early news regarding the settlement of a 3-year lawsuit with AAPL. Pro traders initiated the end-of-day run and smaller funds’ VWAPs triggered to continue the end-of-day run on high volume.

Martha Stokes, CMT
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