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Today's Dead Cat Bounce Stock: Vale (VALE)

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

  • VALE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $262.7 million.
  • VALE has traded 4.7 million shares today.
  • VALE was down 8.9% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in VALE with the Ticky from Trade-Ideas. See the FREE profile for VALE NOW at Trade-Ideas More details on VALE: Vale S.A., together with its subsidiaries, engages in the research, production, and sale of iron ore and pellets, gold, silver, and cobalt, as well as raw materials for steelmaking in Brazil and internationally. The stock currently has a dividend yield of 1.5%. VALE has a PE ratio of 6. Currently there are 2 analysts that rate Vale a buy, 3 analysts rate it a sell, and 7 rate it a hold. The average volume for Vale has been 33.4 million shares per day over the past 30 days. Vale has a market cap of $27.3 billion and is part of the basic materials sector and metals & mining industry. Shares are up 68.1% year-to-date as of the close of...