Best Stock Trading Book

 

Profit From Prices

A book on stock market trading
...Ch 5 continues

Chapter 5

Introduction To Signals

Stock Prices- Daily And Weekly

What I mean by prices are four different prices: Open Price, High Price, Low Price and the Close price. The movement of a stock over a day or a week can be summarized in these four different prices.

Open price: This is the price at which a stock starts trading for a day. For weekly prices, Monday’s Open price, or Tuesday’s O pen price, if the market was closed on Monday, is the Weekly Open price.

High Price: This is the highest price the stock traded during the day. Similarly for weekly prices, this is the highest price the stock was traded during the entire week. In other words, the highest High of all days of the week is that Week’s High price.

Low Price: This is the day’s lowest price at which the stock was traded. Similarly Weekly Low is the lowest price the stock had traded during the week. In other words, this is the lowest Low of all days in the week.

Close price: The daily Close price is the last trade price for the day. The last closing price of the last trading day of the week, Friday or Thursday, if Friday was a Market holiday, is the Weekly Close.

Volume: This is total number of stocks traded for the day or for the week.

These four prices are usually displayed in following sequence: Open, High, Low, Close, Volume. In this book, this is how the prices are going to be listed.

Table 1. INTC (Intel Corp.) Daily Prices and how Weekly Prices are derived from it.

Daily Prices for INTC (Intel Corp). Bold Prices become weekly prices
	DATE	OPEN	HIGH	LOW	CLOSE	VOLUME
Monday	25-Aug-03	27.56	27.76	27.07	27.24	52,037,500
Tuesday	26-Aug-03	26.96	27.74	26.68	27.71	65,213,400
Wednesday	27-Aug-03	27.61	28.08	27.42	28.02	58,217,200
Thursday	28-Aug-03	28.1	28.35	27.85	28.3	48,631,600
Friday	29-Aug-03	28.18	28.65	28.04	28.59	41,986,600
Tuesday	2-Sep-03	28.77	28.84	28.17	28.74	58,841,200
Wednesday	3-Sep-03	28.94	28.97	28.04	28.22	60,714,800
Thursday	4-Sep-03	28.32	28.74	28.04	28.6	63,744,700
Friday	5-Sep-03	28.83	29.1	28.37	28.71	68,429,900
Monday	8-Sep-03	28.88	29.2	28.8	29.18	52,154,000
Tuesday	9-Sep-03	29	29.13	28.66	28.79	49,792,900
Wednesday	10-Sep-03	28.44	28.49	27.63	27.66	57,999,300
Thursday	11-Sep-03	27.62	28.35	27.29	28.03	56,654,900
Friday	12-Sep-03	27.81	28.39	27.55	28.34	51,931,600
	DATE	OPEN	HIGH	LOW	CLOSE	VOLUME
Weekly Prices for the INTC (Intel) for above period
WEEKLY	25-Aug-03 (Previous to Previous Week)	27.56 QWO	28.65 QWH	26.68 QWL	28.59 QWC	266,086,300
WEEKLY	2-Sep-03 Previous Week	28.77 PWO	29.1 PWH	28.04 PWL	28.71 PWC	251,730,600
WEEKLY	8-Sep-03 This Week	28.88 TWO	29.2 TWH	27.29 TWL	28.34 TWC	268,532,700
	WEEKLY	OPEN	HIGH	LOW	CLOSE

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