Wednesday, December 30, 2015 8:50:09 PM
Zynga (ZNGA) Flagged As Strong On High Volume
By
THESTREET WIRE
Follow
12/30/15 - 01:34 PM EST
Trade-Ideas LLC identified Zynga ( ZNGA) as a strong on high relative volume candidate. IN ADDITION TO SPECIFIC PROPRIETARY FACTORS,Trade-Ideas identified Zynga as such a stock due to the following factors:
ZNGA HAS AN AVERAGE DOLLAR-VOLUME (AS MEASURED BY AVERAGE DAILY SHARE VOLUME MULTIPLIED BY SHARE PRICE) OF $28.5 MILLION.
ZNGA HAS TRADED 10.1 MILLION SHARES TODAY.
ZNGA IS TRADING AT 2.27 TIMES THE NORMAL VOLUME FOR THE STOCK AT THIS TIME OF DAY.
ZNGA IS TRADING AT A NEW HIGH 3.03% ABOVE YESTERDAY'S CLOSE.
'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'SUPERINVESTORS,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.
Source:
www.thestreet.com/story/13409404/1/zynga-znga-flagged-as-strong-on-high-volume.html
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