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Actionable news in ASNA: Ascena Retail Group, Inc.,

Trade-Ideas: Ascena Retail Group (ASNA) Is Today's Weak On High Relative Volume Stock

Trade-Ideas LLC identified Ascena Retail Group ( ASNA) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Ascena Retail Group as such a stock due to the following factors:

  • ASNA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $82.1 million.
  • ASNA has traded 911,640 shares today.
  • ASNA is trading at 2.37 times the normal volume for the stock at this time of day.
  • ASNA is trading at a new low 4.02% below yesterday's close.

'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of 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 (or avoid losses by trimming weak positions). 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. EXCLUSIVE OFFER: Get the inside scoop on opportunities in ASNA with the Ticky from Trade-Ideas. See the FREE profile for ASNA NOW at...


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