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Important, VWAP; but more important, as IBD founder notes ''dont miss the move + quibble over a quarter ''[Updated version says or its decimal eqivilent] I like the older version; still make sense even if most stuff no longer trades in fractions....
It is a very good indicator accompanied with moving averages of support and resistance levels intraday. For example the VWap last Friday on Teva at 19.30 after 1 pm along with the SPY suggested despite a price decline to 19.11 that it would test the Vwap before the end of the day