| Rank | Ticker | Volume Ratio |
|---|---|---|
| 1 | DLTR | 4.64 |
| 2 | KO | 2.05 |
| 3 | YUMC | 1.64 |
| 4 | COO | 1.45 |
| 5 | TLT | 1.44 |
| 6 | AAPL | 1.21 |
| 7 | QQQ | 1.19 |
| 8 | DRN | 1.18 |
| 9 | KHC | 1.17 |
| 10 | TMF | 1.17 |
| 11 | BBWI | 1.12 |
| 12 | LYG | 1.02 |
| 13 | CME | 1.02 |
| 14 | TQQQ | 1.02 |
| 15 | LRCX | 1.01 |
When a stock closes above its opening price and does so on significantly higher‑than‑average volume, it’s seen as a bullish confirmation that the upward move had real participation. Closing higher than open means buyers dominated trading throughout the day. But the signal gains real credibility - and strength - when volume spikes above its usual range (often 25‑50 % beyond recent days’ average). That's because heavy volume reflects conviction and money entering the stock, not just short‑term speculators or algorithmic noise. In technical analysis terms, this pattern - an up‑day on elevated volume - suggests institutional interest or widespread enthusiasm. Indicators like On‑Balance Volume (OBV) and the Accumulation/Distribution line specifically quantify this by tracking volume flow on up‑days versus down‑days to confirm trend strength. That said, context is crucial. A spike in volume may sometimes signal a buying climax - such as short covering or window dressing - where most potential buyers have already acted, making a reversal more likely.