McMillan's Volume Alerts

04/28/2017 2:49 am EST


Lawrence McMillan

Founder & President, McMillan Analysis Corporation

Larry McMillian is one of the financial industry's most successful trading experts. In his Option Strategist's Daily Volume Alerts, he highlights several stocks showing unusual trading or volume patterns.

AdvancePierre Foods (APFH) received a $40.25 takeover bid from Tyson Foods (TSN). APFH has been on the high-volume list a couple of times in recent days. The stock is trading above the bid price, so there is some chance that a higher bid could be made.

McDonalds (MCD) moved strongly to new all-time highs, after reporting earnings. Stock volume patterns are very strong and improving rapidly. There is support at 135 and 132.

Straight Path Communications (STRP) is on the move once again. The latest move was spurred by a $104 bid by Verizon (VZ). To recap past activity: AT&T (T) had bid $95 in earlyApril when the stock was trading near 35. Then rumors of a Verizon bid sent the stock gapping to 112 or so.

Even though this latest bid is below that price, rumors that Softbank (SFTBF) might get involved saw the stock gap to 130 yesterday. Whew! Needless to say, stock volume patterns are extremely strong.

T-Mobile (TMUS) is a takeover rumor,with both Comcast (CMCSA) and Charter (CHTR) being mentioned as possible suitors. TMUS is now trading at its highest price since its 2007 IPO. Stock volume patterns are only modestly positive, though. There is support at 65.

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