Volume Spike Investor » JCG http://vsinvestor.com Investing in stocks based on short term spikes in volume Sat, 05 Nov 2011 14:20:15 +0000 en hourly 1 http://wordpress.org/?v=3.2 J. Crew Volume Surge: Sellers Meet Bottom Fishers (JCG) http://vsinvestor.com/2008/05/j-crew-volume-surge-sellers-meet-bottom-fishers-jcg.html http://vsinvestor.com/2008/05/j-crew-volume-surge-sellers-meet-bottom-fishers-jcg.html#comments Fri, 30 May 2008 13:54:43 +0000 247admin http://www.vsinvestor.com/?p=36 Shares of J. Crew Group, Inc. (NYSE: JCG) have already almost tripled their normal trading volume.  An average day is 1.46 million shares, and we are already at about 4.1 million shares in only 20 minutes.

Last night, the company beat earnings but its guidance was dismal and completely caught everyone off guard.

$40.00 had been a key support level all year, but $40.00 looks like it will be resistance now.

J. Crew closed down 1.5% at $46.91 in regular trading yesterday and shares fell 17% to $39.00 in after-hours trading last night.  Its 52-week trading range is $33.69 to $57.17.

Jon Ogg
May 30, 2008

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