High of Day

High of day (HOD) is the highest price a stock has printed in the current regular session. It doubles as the most-watched intraday resistance level, because every long who sold there and every short who entered there is anchored to it.

A break of HOD puts the stock at a price where no intraday holder is at a loss — no overhead supply from today's trading — which is why HOD breaks on strong volume tend to travel. Breaks on weak volume that immediately reclaim the old high in the wrong direction are among the most common trap setups in momentum names.