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

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

Trade-Ideas LLC identified Ascena Retail Group ( ASNA) as a strong 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 $105.0 million.
  • ASNA has traded 491,886 shares today.
  • ASNA is trading at 2.61 times the normal volume for the stock at this time of day.
  • ASNA 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. EXCLUSIVE OFFER: Get the inside scoop on opportunities in ASNA with the Ticky from Trade-Ideas. See the FREE profile for ASNA NOW at Trade-Ideas More...


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