Actionable news
0
All posts from Actionable news
Actionable news in WLK: WESTLAKE CHEMICAL CORPORATION,

Strong On High Relative Volume: Westlake Chemical (WLK)

Trade-Ideas LLC identified Westlake Chemical ( WLK) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Westlake Chemical as such a stock due to the following factors:

  • WLK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $31.5 million.
  • WLK has traded 276,121 shares today.
  • WLK is trading at 11.20 times the normal volume for the stock at this time of day.
  • WLK is trading at a new high 7.13% 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...


More