leader(redirected from downspout)
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The stocks with the highest trading volume over a given period of time. Leadership may give an indication of future market movements. That is, a large amount of interest in certain stocks may mean that the market will continue to be interested in them. Leadership may be either good or bad for the market. For example, poor leadership may result from too much speculation, while solid leadership comes from sustainable investing practices. It is also called market leadership.
An active stock that tends to lead the general market in price movements. For example, strength and activity may have made a stock a leader in a recent upward market movement.