Alt stock price wednesday’s trading tape indicated

Wednesday’s trading tape indicated multiple block trades in alt stock price above the ask, signaling aggressive buying. Historical patterns show such activity frequently precedes short-term upward gaps. See Also: 7 Million Gamers Already Trust Gameflip With Their Digital Assets — Now You Can Own a Stake in the Platform However, an impressive consensus price target is not the only factor that indicates a potential upside in ALT. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside. Volume analysis shows that alt stock price’s accumulation/distribution line has been trending upwards for three consecutive weeks, pointing to sustained buying pressure despite intermittent market pullbacks.