Float Analysis by Steve Woods and Jan Arps
ARTICLE SYNOPSIS ...Float Analysis by Steve Woods and Jan Arps
Here's a close look at the turnover of a stock's float, based on an idea from the works of W.D. Gann, that reveals some dramatic patterns and expands the definition of a base or consolidation zone.
The floating supply of shares - or simply, float - is all of the shares actually available for trading by the public that are not owned by the company's management. This number can be incorporated into an understanding of the direct relationship between the stock price and its volume of shares traded. This is easily seen when a backward cumulative count ...
AUTHOR: Steve Woods and Jan ArpsDATE: DEC 1996SUBJECT: Indicators