Actionable news
0
All posts from Actionable news
Actionable news in JOY: JOY GLOBAL INC,

Joy Global (JOY) Is Today's Water-Logged And Getting Wetter Stock

Trade-Ideas LLC identified Joy Global ( JOY) as a "water-logged and getting wetter" (weak stocks crossing below support with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Joy Global as such a stock due to the following factors:

  • JOY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $43.5 million.
  • JOY has traded 4.7 million shares today.
  • JOY traded in a range 222% of the normal price range with a price range of $2.61.
  • JOY traded below its daily resistance level (quality: 26 days, meaning that the stock is crossing a resistance level set by the last 26 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Water-Logged and Getting Wetter' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying negative price action. In this case, the stock crossed an important inflection point; namely, "support" while at the same time the range of the stock's movement in price is twice its normal size. This large range foreshadows a possible continuation as the stock moves lower. EXCLUSIVE OFFER: Get the inside scoop on opportunities in JOY with the Ticky from Trade-Ideas. See the FREE profile for JOY NOW at Trade-Ideas More details on JOY: Joy Global Inc. manufactures and services mining equipment for...


More