Lumentum Shares Up 3% After Key Trading Signal

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 August 11 at 10:03 AM EST, LITE triggered a Power Inflow signal at a price of $798.51. LITE’s price in the opening hour of trading had been mostly stagnant, even dropping slightly prior to the signal. At the time of the signal, and then thereafter, both retail and institutional trading interest in LITE shifted toward the buy side, leading to an immediate rise in the stock price, eventually reaching a post-alert high of $823.70 as of 2:30PM EST. This Power Inflow signal is intended to be a bullish indication of institutional and retail interest, highlighting where traders may be entering the market for the stock. Understanding the Power Inflow Signal The Po...