As we have mentioned in the past, Price Spike readings below 7.00 are usually not anything to be very excited about. Above 7.00 catches our interest (also the level an audio alert kicks in on the SMB Radar). Readings below 7.00 could always develop into more – but are not yet ready to play momentum.

This screen shot was taken today as $IDCC and $WFT were both at the top of the Price Spike list. $IDCC provided opportunity for skilled momentum traders, $WFT was nothing more than an abnormally large order.

This is only one of ten outputs on the Radar, but is an example of how to improve and understand your tool a little more everyday.

–  @tarhini_smb, trader

Disclosure: No position in $IDCC, $WFT