Power Hour is a term used in the stock market to describe the final hour of trading in a day. During this hour, there is usually a surge in trading activity, which can significantly impact the price of stocks. Traders and investors closely watch this hour to make quick decisions on whether to buy or sell stocks.
The significance of Power Hour can be attributed to the fact that it is the last hour of trading for the day. Any buying or selling that happens during this hour can have a significant impact on the closing price of a stock. Additionally, many institutional investors tend to make their trades during this hour, which can further drive up the trading volume and the stock price.
Traders and investors can use various strategies during Power Hour, such as momentum trading or scalping. Momentum trading involves buying stocks that have shown an upward trend during the day, while scalping involves buying and selling stocks quickly to make a small profit.
Overall, Power Hour is an important time for traders and investors to closely monitor the stock market and make informed decisions based on the trading activity during this hour.
Sources:
- Investopedia. (2021, April 13). Power Hour. Retrieved from https://www.investopedia.com/terms/p/powerhour.asp
- Day Trading. (n.d.). Power Hour Trading Strategy. Retrieved from https://www.daytrading.com/power-hour-trading-strategy
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