Rising volume in Pinterest indicates momentum is changingPinterest has broken its downward trend line three times now, and each time it quickly resumed its downtrend. This latest time may be different, though. Pinterest hit a previous low, whereupon it received a big spike in volume. The analytics firm Pivotal took that as a cue to upgrade the stock to "Buy." Volume has remained high, so the next trend line break might actually stick this time.
Pinterest could get a lot more buying volume coming in if it falls again to previous lows at 25.32, 23.91, 23.60, and 23.05.