benzinga42d ago
Lumentum Holdings Inc (NASDAQ:LITE) experienced a significant Power Inflow alert, a key bullish indicator that is closely tracked by traders who value order flow analytics, specifically institutional and retail order flow data.On February 20 at 10:16 AM EST, LITE triggered a Power Inflow signal at a price of $650.65. LITE's price experienced some pullback after an initial price rise during the opening hour of trading, declining slightly prior to the Power Inflow alert. At the time of the signal, and then shortly after, both the retail and institutional trading interest in LITE shifted more towards the buy side, leading to an immediate rise in the stock price, eventually reaching a post-signal high price of $678 as of 2:00PM EST. This Power Inflow signal is aimed to be a bullish indication of institutional and retail interest, spotlighting where traders may be entering the market for the stock.Understanding the Power Inflow SignalThe Power Inflow ...Full story available on Benzinga.com