The stock is not eligible to receive dividends or to vote. These shares may be held by the company indefinitely, reissued to the public or retired. Among other reasons, treasury stock may be created to counter a tender offer and to provide shares for the exercise of stock options, warrants and convertible securities. The direction in which price and trading volume are moving over a short or long term basis. The movement may either be up, down or sideways.
Technical analysts study market and security trends to forecast future movements.
Volume Trendline A chart used by technical analysts. A line is drawn by connecting the highest or lowest prices to which a security has risen or fallen within a period. The line's angle shows whether the security is in a downtrend or an uptrend. If the security's price rises above a downward sloping line or drops below a rising uptrend line, analysts believe the security will start to move in a new direction. A trin under 1.00 is bullish and a trin over 1.00 is bearish.