Deutsche Lufthansa AG Trading Volume?

Discussion in 'Stocks' started by Rickylee, Sep 5, 2017.

  1. Rickylee

    Rickylee

    Hi All,

    Looking to take a long position in Lufthansa based on a number of favorable conditions, an advantages currency swing combined with a decreased oil price are helping to lift the share price. It is still reasonably priced with a P/E ratio of 6.25 and EV to EBITDA ratio of 2.66.

    However, trading volume has recently begun to drop off with the price continuing to rise.

    Research suggests that this is an indication of a price reversal (it is running out of bulls).

    Does anyone have any other theories? Is this always an indication of a price reversal?

    Any comment would be appreciated.

    Thanks,

    Ricky
     
  2. Butterball

    Butterball

    Summer time = lower volume
     
    JackRab and lawrence-lugar like this.