Indication

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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Indication

1. Before the start of a trading day, a rough quote given so investors and traders know the range in which a stock will begin trading. The indication may be given by officers of the stock exchange or by someone else.

2. See: Indicator.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.