CTRX will have a pocket pivot if it can trade at least 953,800 shares. We take 9/21/12 as a reversal distribution day on higher volume since it closed near the low of its trading range. CTRX will split next week.
Stocks are likely to trade on higher volume when they announce a split and then again on higher volume on the day of the split. Stocks that are splitting for the first or second time often will trade up on both days, assuming the general market is not weak. That said, it is still best to monitor price/volume action as per the norm.
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