Okay, no, not really. There’s some nuance to it.
But for the most part, when a stock trades over 1 billion shares on the day, is up at least 10%, and closes in the top 20% of its intraday range, it’s often an auto buy.
Not the “close your eyes and buy” kind of auto buy. More like “pay attention, there might be something here” kind of auto buy.
You still want to weigh the risk, check the dilution, look at the news, and actually put together a trade plan. But the odds on these kinds of moves tend to skew in your favor. A lot of really nice overnight momentum trades come from this exact setup.
A Few Recent Examples
$KLTO on 6/09/25
Traded over a billion shares.
Closed in the top 20% of its intraday range.
Strong end of day action and rounded up in after hours.
Went from roughly $1.75 → $3.90 overnight.
That’s a clean move.
$BURU on 10/07/25
Over 1B shares on the day.
Closed strong.
Went from $0.45 → $0.85 overnight.
Classic billion volume move. Big liquidity. Strong close. Follow through.
$BYND on 10/20/25
Over a billion shares.
Elevated relative volume.
Closed near intraday highs.
Went from $1.50 → $3.50+.
Textbook.
Why It Works
When a name trades that kind of volume, it means everyone is in there. Retail, algos, momentum funds, everyone. When it closes strong, it usually means there are still people chasing into the close. That demand often bleeds into after hours or the next morning.
It’s not magic. It’s just liquidity, strength, and momentum.
How to Find These
You don’t have to manually scan through a thousand tickers each day. With Trade Ideas, you can build a simple filter:
- Volume > 1B
- Close ≥ 80% of the intraday range
- Change % ≥ 10%
Once it’s set, it spits out the tickers for you. End of day, you glance at the list, do your due diligence, and if it checks out, you’ve got a clean overnight setup.
Get the Filter
I built this exact filter inside Trade Ideas. It takes 30 seconds to recreate it.
Use discount code SOT15 to save 15% and then you can create the overnight momentum filter I use to catch these billion volume names so you’re not late to the next one.
Final Thought
When a stock trades over 1 billion shares, is up double digits, and closes strong, you pay attention.
These are some of the best overnight momentum setups you’ll find.
It’s not complicated. It just works if you know what to look for.