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Ocean Power Technologies (OPTT) Is Today's Dead Cat Bounce Stock

Trade-Ideas LLC identified Ocean Power Technologies ( OPTT) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Ocean Power Technologies as such a stock due to the following factors:

  • OPTT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $81.8 million.
  • OPTT has traded 3.5 million shares today.
  • OPTT is up 4.8% today.
  • OPTT was down 32.8% yesterday.