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| Volume Stratification Analysis begins with the concept of the Volumetric Profile. This Profile is simply the cumulative volume over the history of the stock, distributed according to price range. The red bar marks the price range corresponding to the current price of TLAB shares. |
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Blue bars depict the Volumetric Profile for various price levels of Tellabs, Inc.. The thick orange line is the Volumetric Price and the maroon line is the Secular Price. The Volumetric average at $15 is below the Secular average at $16. This is a very un-usual condition. The only significant volumetric support exists in the area around the $7 level. |
| Support Level ID | Price Range | Peak Magnitude |
| 1 | $7.00 - $7.99 | 7.17 |
| At least two layers of turbulence might act as resistance levels above the current price, particularly the one near the $28 level. |
| Resistance Level ID | Price Range | Peak Magnitude |
| 1 | $28.00 - $28.99 | 1.03 |
| 2 | $57.00 - $57.99 | 0.52 |
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| Horizontal maroon lines indicate Negative Volumetric Peaks. Price intervals with these characteristics are often associated with gaps, although they sometimes operate as support levels. Quarterly and yearly turn-arounds are circled. No major Volumetric Minima exist to support the current price |
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| Here, the horizontal lines mark the points of Maximum Negative Slope in the Volumetric Profile. These strata are known to act as resistance levels against upward movement, and are sometimes associated with yearly and quarterly tops. Also, as is typical of resistance levels, they may do double duty as support, but that is not the typical case. |
For Members: Deeper Analysis, with Price Predictions for TLAB Common Stock |
| Wednesday, July 28, 2010: We have news on W.W. Grainger, Inc., ticker symbol GWW. Signs of an over-bought condition have become noticable. Also, there are breaking events concerning Cummins Inc. and Quest Diagnostics Incorporated. From the News Archive: (7/27/2010 ) Favorable events happened at Lexmark International, Inc., Range Resources Corp., and Zimmer Holdings, Inc.. Meanwhile, bad news came from QUALCOMM, Inc.. |