Actionable news
0
All posts from Actionable news
Actionable news in CRUS: Cirrus Logic, Inc.,

Cirrus Logic (CRUS) Showing Signs Of Being Water-Logged And Getting Wetter

Trade-Ideas LLC identified Cirrus Logic ( CRUS) 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 Cirrus Logic as such a stock due to the following factors:

  • CRUS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $45.2 million.
  • CRUS has traded 2.6 million shares today.
  • CRUS traded in a range 260.8% of the normal price range with a price range of $3.34.
  • CRUS traded below its daily resistance level (quality: 10 days, meaning that the stock is crossing a resistance level set by the last 10 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...


More