indication

Indication

(1) Notice given by a dealer (through Autex) or customer of an interest in buying or selling stock, sometimes including specific volume and price; (2) approximation of where a specialist sees buy and sell interest to tighten the range to an opening price.

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indication

1. An estimate of the bid and ask when a security begins trading. Brokers, dealers, or investors may seek an indication before a security begins trading to help them establish a trading strategy in that security.

2. A nominal quote disseminated by a stock exchange that gives the range in which a stock will open or reopen. Also called preopening indication.