At around 1PM a huge surge of volume came into the stock, sending it flying high. This was an excellent day trading opportunity. It broke through the highs of the day as the volume increased. If you had seen this developing, or had your trading software alert you of the movement, you would have made sweet profits. If you had bought 500 shares as the stock was making new highs at around $107, and sold near $113, you would have made about $3000.
This week I have noticed several setups exactly like this one. A stock breaks above consolidation on higher volume and surges higher. I think you could make good money day trading like this, especially if you have good trading software that will alert you when these opportunities arise.
Check out the 5 minute chart and the 1 minute chart of POT today:
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